Brad Garlinghouse Reveals: Real-World Utility Key for XRP Surge

2024-3-12 18:00

XRP’s value climbed to $0.74, marking a significant uptick and positioning itself as the standout performer in a broadly bullish cryptocurrency market.

This market rally saw Bitcoin (BTC) and Ethereum (ETH) also enjoy modest gains of 2% to 4% over the last 24 hours. However, XRP stole the show with its leap to a price point not seen since its all-time high in November.

Why XRP Price Surged

This recent Ripple XRP price action comes amidst a broader market rally. The bull market has been fueled by optimism and speculation around major cryptocurrency milestones such as potential Exchange-Traded Funds (ETFs) and the much-anticipated Bitcoin halving.

In the meantime, Ripple’s Chief Executive Officer Brad Garlinghouse emphasized translating the bullish market into real-world utility. He reflected on his experience with previous crypto cycles and the need for progress beyond raw price increases.

“Bitcoin ETF volumes have been soaring, we’re due for a halving, and the broader crypto market is following BTC’s lead. As someone who has experienced multiple cycles of ‘crypto is back,’ this bullishness must go hand in hand with real-world utility. That’s the real march of progress,” Garlinghouse said.

Read more: How To Buy XRP and Everything You Need To Know

Ripple’s XRP utility is evolving significantly, focusing on enhancing real-world applications and increasing its integration within the financial ecosystem. The XRP Ledger is expected to lead in tokenizing real-world assets, reflecting a broader trend toward leveraging blockchain technology for more efficient and transparent financial processes.

Ripple’s Chief Technology Officer, David Schwartz, has highlighted the potential for AI and blockchain convergence, the tokenization of real-world assets, decentralized identity adoption, and the development of interoperability and smart contracts. These innovations could to transform cybersecurity, financial services, and privacy on the blockchain.

Analysts are closely watching market indicators and fundamental signals after Monday’s surge, which placed XRP as the top gainer. It reignited discussions around its potential, especially given its relatively subdued performance during record-breaking highs for Bitcoin.

XRP Price Performance. Source: Rekt Capital

Rekt Capital speculated that XRP would break its macro pattern, potentially reaching $1 due to technical and market sentiment. Yet, the reasons behind XRP’s sudden price movement remain speculative. Significant token movements from the crypto exchange Binance to various addresses stirred curiosity among traders.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

A transfer of 300 million XRP from Binance, followed by other large transactions, has sparked discussions about potential market maneuvers. However, as crypto navigates its latest Bitcoin bull market, the emphasis on real-world utility presents a complex but intriguing environment.

The post Brad Garlinghouse Reveals: Real-World Utility Key for XRP Surge appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Spectre.ai Utility Token (SXUT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.28 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0586823 (-100%)

utility xrp real-world garlinghouse surge brad key

utility xrp → Результатов: 94


Фото:

Ripple (XRP) price is breaking out. Here are levels to watch

Ripple (XRP) price is trading over 12% higher this week despite a correction in Bitcoin. As a result, the price action has broken out of the consolidation range. Fundamental analysis: Judge drops a “bombshell”, says XRP has currency value and utility In the latest court session between the SEC and Ripple, Attorney Jeremy Hogan said […] The post Ripple (XRP) price is breaking out.

2021-3-23 16:31


Фото:

Ripple’s XRP price analysis for March

Ripple’s XRP token was one of the rare cryptocurrencies that ended up in the green in the past 24 hours. What is the reason for its strong price performance, and should you consider buying some XRP now? Fundamental analysis: XRP is a utility token? XRP has been under a lot of pressure due to the […] The post Ripple’s XRP price analysis for March appeared first on Invezz.

2021-3-22 14:48


Фото:

Community Could Force Ripple To Burn Its Huge XRP Stash, CTO David Schwartz Confirms

The chief technology officer (CTO) at Ripple, David Schwartz, has indicated that the community could force the San Francisco-based blockchain payments firm to burn its entire XRP cache. Ripple currently owns over 50% of the total XRP supply and releases one billion tokens every month in an attempt to expand the utility of the cryptocurrency. […]

2020-12-5 00:03


Фото:

Кори Джонсон: Банки должны использовать Ripple XRP для транзакций

По итогу задержки проекта Utility Settlement Coin Кори Джонсон сделал вывод, что банки должны использовать Ripple XRP для транзакций. Кори Джонсон, бывший сотрудник Bloomberg TV и Bloomberg Radio, предположил, что недавняя задержка с предложенным запуском международного платежного проекта под руководством...

2020-9-13 14:32


Bitrue Reaps the Rewards of Putting XRP at the Center of its Digital Assets Platform

Singapore-based digital assets exchange Bitrue has found success by putting the digital asset XRP at the center of its trading platform. The asset is used by Ripple’s payment network to facilitate low-cost, same-day cross-border transactions and Bitrue believes that XRP’s growing utility among businesses and individuals will bring more users to its exchange.

2020-5-15 21:14


What Could XRP Price Be if Courts Decide it’s a Commodity?

XRP, Ripple’s native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit?  Wild Predictions Call XRP to Break Above $500 XRP has fought for acceptance and is viewed as a wildcard in the world of crypto, possibly bouncingRead More The post appeared first on Bitcoinist.com.

2020-1-20 18:00