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- Ripple boss Brad Garlinghouse has confirmed that the company is completely behind XRP, and those who think otherwise “are just missing the point.”
- An analyst has predicted that the next rally of XRP could be unexpected.
A popular crypto analyst known as Altcoin Bale has predicted that XRP could likely reach $10,000 per coin in the future. Backing this prediction, the analyst attached a video in which Ripple boss Brad Garlinghouse reiterated his support for the asset. According to him, Ripple is totally committed to XRP and would remain so, claiming those who say otherwise have “lost the plot.”
Anyone who thinks Ripple is not 100% behind #XRP is missing the point. They have lost the plot — we are totally committed and will remain totally committed!
As indicated in our previous news story, Garlinghouse highlighted the company’s commitment to the project by disclosing that an Initial Public Offering (IPO) could be possible alongside the potential approval of the spot XRP Exchange Traded Fund.
The Ultimate Goal of Ripple (XRP)
The ultimate goal of Ripple has been a subject of argument with software engineer Vincent Van Code claiming the company has always prioritized XRP and XRP Ledger (XRPL) for its long-term play. According to him, Ripple’s long-term goal revolves around building global on-chain liquidity through XRPL.
On the other side, renowned XRP influencer “Digital Asset Investor” also believes that the eventual skyrocketing of the price has been the basis of the entire business model of Ripple.
Joining the discussion, another user identified as Fishy Catfish has argued that Ripple has little confidence in XRPL, and this is evident in its decision to issue 90% of its stablecoin RLUSD on Ethereum. Data also confirms that RLUSD has a total supply of 900 million, as discussed earlier. CryptoQuant data confirms that only 92.5 million RLUSD is on XRPL while the majority “sits” on Ethereum.
Fishy Catfish wrote:
Not even Ripple wants to use XRP or XRPL, an obsolete, irrelevant ghost chain.
Regardless of these opinions, Garlinghouse’s statement of remaining committed “and expanding real-world XRP use cases” is believed to have been proven through partnerships with the likes of Evernorth, GTreasury, and SBI Holdings.
Amid the backdrop of this, the price of XRP has recorded a 0.62% gain to trade at $2.4. In the last seven days, the asset has declined by 0.67% and has also lost 16% of its value in the last 30 days. Similar to this trend, traders’ interest has also declined as the daily trading volume falls by 15% to $4 billion.
According to analyst Zach Rector, the next rally of XRP could come unexpectedly. However, not all appear to be happy with this. A user identified as Jayson Hayden replied that similar claims have been made in the last five years, “but it still never hit its all-time high.”
As mentioned in our earlier analysis, XRP has been tipped to hit $10 when the bull market returns. Egrag Crypto has also predicted that the price of XRP could reach $17, as noted in our previous publication.
