XRP Price Prediction as XRP Consolidates at $0.60 – Massive Price Surge Incoming?
Ripple’s CEO, Brad Garlinghouse, anticipates the cryptocurrency market cap soaring to $5 trillion this year, fueled by significant macro factors such as the launch of the first U.S. spot bitcoin ETFs and the forthcoming bitcoin halving event. With the the XRP price predictions seems to be taking a bullish turn.
Garlinghouse’s positive outlook stems from more institutions investing in crypto and the basic economic principle that limited supply and growing demand usually increase market value.
Garlinghouse stated:
I’m very optimistic. I think the macro trends, the big picture things like the ETFs, they’re driving for the first time real institutional money.
Key Insights:
The approval of spot bitcoin ETFs in January6 by the SEC allows investors to engage with bitcoin on U.S. stock exchanges without direct ownership of the asset.
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