Ripple CEO Garlinghouse affirms: 'XRP trading on fire'
XRP has witnessed significant price momentum over the past week
Ripple CEO Brad Garlinghouse has captured attention with his recent endorsement of XRP’s surging trading activity.
Sharing an enthusiastic social media post from Austin Reid, FalconX’s global head of revenue and business, Garlinghouse highlighted the cryptocurrency's impressive performance in a market experiencing renewed optimism, U.today informs.
Reid’s original message, describing XRP trading as “on fire,” resonated across the crypto community, further fueling investor confidence in Ripple’s token.
XRP Continues to gain traction
XRP has witnessed significant price momentum over the past week, driven by increased trading volumes across major exchanges. This resurgence follows Ripple’s favorable legal progress in its case against the U.S. Securities and Exchange Commission (SEC), which has boosted sentiment around the digital asset.
Market analysts note that XRP’s trading activity has spiked by more than 40% in the past 48 hours alone, making it one of the standout performers among top cryptocurrencies. XRP added $100 billion in a month and soared to third place in market capitalization.
Ripple’s CEO, known for his candid commentary, amplified the bullish sentiment by sharing Reid’s remarks on X (formerly Twitter). “XRP’s liquidity and market engagement have reached unprecedented levels,” Reid noted, emphasizing the growing global adoption of the token in both retail and institutional markets.
Ripple's continued influence
The timing of Garlinghouse’s affirmation coincides with Ripple’s broader efforts to solidify its position as a leader in cross-border payments. The company recently expanded partnerships with major financial institutions, enhancing the utility of XRP in real-world transactions. Analysts predict that Ripple’s ongoing developments and XRP’s legal clarity could pave the way for sustained growth.
Looking ahead, industry observers are closely monitoring how the increasing trading activity will impact XRP’s price stability and adoption. Ripple’s leadership remains optimistic, positioning XRP as a cornerstone of the evolving cryptocurrency landscape.
Brad Garlinghouse previously explained why XRP is trading on the rise.
