Ripple CEO Brad Garlinghouse fell like a bomb on the agenda that US President Donald Trump could join the Crypto Advisory Council. While this development excites XRP investors, many people wonder if this move will move the XRP price to $ 5.5. If this happens, it may be a historical turning point for Ripple and XRP.
Ripple CEO in the US Crypto Council?
According to Coinpedia, Ripple CEO Brad Garlinghouse is evaluated for the US Crypto Advisory Council of Trump. This Council will be one of the most important boards to shape the future of crypto regulations.
The fact that Garlinghouse is involved in this effective council can help XRP to become more positive in terms of regulations. Furthermore, while discussing whether XRP is securities in the USA, it may be a great advantage that Garlinghouse has a say in such decisions. While this development increases investor confidence, it can trigger corporate interest for XRP.
Is it a big turning point for Ripple and XRP?
Another important reason for increasing institutional interest to XRP is XRP Spot ETF applications. Bitwise, Wisdomtree and Grayscale, such as major financial companies have applied for XRP ETFs. If these approvals are realized, the institutional investment flow to the XRP market may accelerate. The interest of corporate investors may be an important catalyst in XRP’s price movements.
In addition, Ripple’s blockchain technology continues to be widely adopted in the financial sector. Banks and payment companies are increasingly using Ripple’s solutions in cross -border transactions. This shows that XRP can gain value in the long run. If the regulatory barriers are overcome, the XRP is thought to have a great rise potential.
Can XRP reach $ 5.5?
Currently, the XRP is trading at $ 2.42. In a process of consolidation with the general correction in the crypto market. If the XRP can maintain a $ 2 support level, it can rise up to $ 3.52, $ 4,52 and $ 5.5, respectively. However, if the price does not maintain this support, the 200 -day moving average in $ 1.32 should be monitored as critical support. Technical indicators show that XRP currently has a strong support line. If price movements give positive signals, the interest of major investors to XRP may increase.
The future of XRP will depend on regulations, corporate investments and market movements. If the Trump administration follows crypto -friendly policies, unexpected jumps may be experienced in the price of XRP. For this reason, investors should closely follow the price movements and regulation process. In the crypto market, large moves usually take place fast and can capture investors unprepared.
