XRP Price Dips Despite Ripple CEO Brad Garlinghouse’s 60 Minutes Interview – Time To Pivot To Meme Coins?
The post XRP Price Dips Despite Ripple CEO Brad Garlinghouse’s 60 Minutes Interview – Time To Pivot To Meme Coins? appeared on BitcoinEthereumNews.com.
Alarm sirens are going off for XRP spot holders as the token price appears set for another retest of the $2.24 support, despite Ripple CEO Brad Garlinghouse’s appearance on CBS News’ 60 Minutes show. The XRP price is currently trading at $2.40, down 15% from its yearly high. In a major concern for the bulls, the whales appear to be rotating their capital to Ethereum meme coins. While XRP dips, the Pepe coin is skyrocketing and reached a new all-time high today. Another frog-themed Ethereum meme token Pepe Unchained is set to launch tomorrow amid much hype and FOMO. Prominent investors are eyeing up to 100x returns from this microcap. Ripple CEO Brad Garlinghouse Fails To Spark Rally In 60 Minutes Interview Ripple CEO Brad Garlinghouse sat down with CBS News’s Margaret Brennan for last Sunday’s 60 Minutes show. While the show was largely about the crypto industry’s role in this year’s Presidential election, the bulls had hoped that XRP’s mention could spark a rally in the asset. Instead, the XRP army was largely furious regarding the host’s apparent mischaracterization of Ripple and the blockchain industry. Even Garlinghouse posted his disappointment on X, highlighting how Brennan failed to mention that XRP is not a security following Judge Torres’s last year’s ruling. Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream – with influence and reach that will only continue to grow. A few things I do want to comment on after watching:I spoke with Margaret… — Brad Garlinghouse (@bgarlinghouse) December 9, 2024 However, XRP’s mention as the third-largest cryptocurrency in the interview should still attract retail investors in the upcoming bull market. There is also speculation that Garlinghouse could next sit with popular podcast host…
Filed under: News - @ December 11, 2024 3:17 am