XRP Price Prediction as Ripple CEO Says He's 'Optimistic' for 2023 – Here's What it Means for XRP
XRP price beams with optimism mid-through this week's trading. The cross-border money transfer token has sustained a bullish outlook following the most recent dip under $0.30. XRP must hold above its immediate support at $0.35 to affirm a bullish grip on the northbound trend.
Despite the optimistic outlook for XRP, trading volume is going down. CoinMarketCap shows a 17% drop to $780 million in 24 hours. Meanwhile, XRP is currently the sixth-largest crypto asset boasting $17 billion in market capitalization.
The CEO of Ripple, Brad Garlinghouse, reckons that he is "cautiously optimistic that 2023 is the year we will (finally) see a breakthrough,", especially in the push for clear crypto regulations.
Garlinghouse says the 118th Congress has ten bipartisan and bicameral leaders, including Patrick McHenry, the Representative of North Carolina's 10th District, Glenn "GT" Thompson, the Representative of Pennsylvania's 15th Congressional District and Tom Emmer, the Congressman for Minnesota's Sixth District among others.
According to the CEO, these leaders have publicly supported blockchain and recognized the need for clarity. The canvas is blank, yet past bills have touched on issues like stablecoins and CEXs.
Authorities are yet to come up with concrete definitions of what constitutes "a digital asset security." Garlinghouse proposes a Securities Clarity Act and Clarity for Digital Tokens Act (safe harbors), among other bills.
"No bill is perfect and there likely never will be one that satisfies everyone. But perfect shouldn't be the enemy of progress - these proposals provide more than a starting point for debate in this new Congress. The stakes couldn't be higher," Garlinghouse explained via a Twitter thread.
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