Ripple CEO Brad Garlinghouse just dropped a bombshell, revealing major milestones that could send XRP skyrocketing! From record-breaking XRP ETF filings to a booming decentralized exchange and a surging stablecoin, XRP’s Q4 2024 was one for the history books. Now, with top experts predicting a $4 target, the big question is—can XRP hold strong and explode even higher?
Ripple’s Quarter to Remember
Garlinghouse called the last quarter of 2024 “one for the XRP history books.” One of the key highlights was the filing of five XRP ETF applications by major financial firms in the U.S. This year, four more companies have followed suit, showing increasing confidence in XRP’s potential.
Another significant achievement was the launch of Ripple’s USD-backed stablecoin, RLUSD, in December. The stablecoin has already crossed the $100 million market capitalization mark, proving its growing adoption.
Additionally, Ripple’s decentralized exchange (XRPL DEX) recorded an on-chain trading volume of $1 billion in Q4, showcasing the growing activity within its ecosystem.
XRP’s Eyeing $4 Mark
The Ripple quarterly report also highlighted XRP’s remarkable 280% price increase in late 2024. This surge was driven by strong demand from top exchanges like Binance, Upbit Korea, and Coinbase. Despite a recent dip, with XRP trading at $3 and a 1% decline, experts remain bullish.
Market analyst Dark Defender has set a short-term target for XRP, emphasizing the importance of holding the 3.07 support level.
As per Coinpedia’s report, veteran trader Peter Brandt has spotted a bullish pattern in XRP’s price chart. If the pattern plays out as predicted, XRP could skyrocket to as high as $4.8.
The SEC’s Changing Stance
The report also touched on the resignation of SEC Chairman Gary Gensler, who returned to MIT as a lecturer. Gensler’s tenure was marked by controversy, with critics arguing that his policies created confusion in the crypto space.
His replacement, Acting Chairman Uyeda, has hinted at a more balanced approach, which could benefit Ripple and the broader crypto industry.
With strong momentum and growing institutional interest, XRP’s future looks promising.
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