Ripple CEO Brad Garlinghouse highlights company market growth
Ripple’s XRP holdings surpass $100B amid market growth
Ripple CEO Brad Garlinghouse has announced that the company now holds over $100 billion worth of XRP tokens, significantly impacting the blockchain firm’s valuation.
This development underscores Ripple’s strengthened market position, particularly in comparison to other crypto-linked companies such as MicroStrategy, CoinGape reports.
Garlinghouse highlighted the disparity in market valuation metrics, noting that Ripple’s private market trades occur at a discount to its net asset value, while MicroStrategy trades at a premium of three times its asset value. "The total value of the XRP we hold now exceeds $100 billion," said Garlinghouse, adding that Ripple's previous $11 billion valuation during its $300 million share buyback in early 2024 no longer reflects its current financial strength.
The surge in XRP's value has been driven by increased institutional adoption. However, Ripple’s primary focus remains on providing blockchain-based solutions to financial institutions, including banks, payment providers, and corporations. The company's B2B offerings include custody services and cross-border payment solutions.
Institutional product expansion
In December 2024, Ripple expanded its product suite by launching its stablecoin Ripple USD (RLUSD) with approval from the New York Department of Financial Services (NYDFS). Garlinghouse clarified that RLUSD is designed to complement XRP rather than replace it, enhancing liquidity and driving more use cases for Ripple’s decentralized exchange (DEX) and automated market maker (AMM). Since its launch, RLUSD has been listed on major platforms such as Bitso and Uphold, as well as Singapore-based Independent Reserve. RLUSD is among the most heavily regulated tokens in the industry.
Ripple's acquisition of Swiss custody firm Metaco in 2023 further bolstered its institutional product lineup, enabling the company to meet the growing demand from Tier 1 banks for secure asset custody solutions.
Market forecasts and XRP price impact
Meanwhile, market sentiment around XRP continues to grow. On January 6, 2024, crypto analyst Ali Martinez posted a bold forecast for XRP on the platform X (formerly Twitter). Martinez noted that the Supertrend indicator had turned bullish on the 12-hour chart, the same signal that previously preceded a 470% rally. This prediction has captured the attention of crypto enthusiasts worldwide, with many speculating that another rally may be imminent.
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At the same time, XRP’s market capitalization on Monday reached $137.68 billion, surpassing USDT, whose market cap fell by $1.6 billion since December 30.
Ripple’s growing XRP assets, combined with new product launches and bullish market signals, suggest that the company is well-positioned to capitalize on the evolving crypto landscape.
