Ripple CEO Calls Q4 2024 a Defining Chapter for XRP as Latest Markets Report Shows Remarkable Growth
The post Ripple CEO Calls Q4 2024 a Defining Chapter for XRP as Latest Markets Report Shows Remarkable Growth appeared on BitcoinEthereumNews.com.
The Ripple CEO has called Q4 2024 a pivotal moment in XRP history as the latest XRP markets report highlights impressive growth metrics. Notably, upon the release of Ripple’s Q4 2024 XRP Markets report, the payment company’s CEO Brad Garlinghouse highlighted the importance of the quarter, describing it as one of the most remarkable periods in XRP’s history. “Q4 2024 was absolutely one for the XRP history books,” Garlinghouse remarked, as the quarterly report revealed a dramatic turnaround, with XRP surging 280%. The report also noted the easing of regulatory pressure, growing institutional interest, and a changing U.S. regulatory atmosphere. Suffice it to say – Q4 2024 was absolutely one for the XRP history books. 5 different firms filed for XRP-related ETPs in the US (plus 4 more this month ); $RLUSD launched, hitting a $100M market cap within a month; and on-chain XRPL DEX trading volume reached $1B in Q4! More… https://t.co/X3m9Q1GHjH — Brad Garlinghouse (@bgarlinghouse) January 31, 2025 XRP 280% Surge and Institutional Demand The Ripple report pointed out that XRP experienced a 280% increase in value throughout Q4 2024, marking a major recovery from years of underperformance amid regulatory setbacks. Ripple stressed that before the U.S. Securities and Exchange Commission (SEC) targeted Ripple in 2020, XRP was a strong contender for the second spot among the largest crypto assets. However, following the charges, XRP’s underperformance pushed it below the top 5 at some point. Now, with regulatory challenges easing, XRP has regained strength, supported by strong trading volumes and growing investor confidence. XRP closed the quarter as the third largest crypto asset and looks primed to start contesting for the second spot again. Notably, the report revealed that spot trading volumes for XRP skyrocketed after the U.S. presidential election. In early Q4, daily trading volumes were stable…
Filed under: News - @ February 1, 2025 5:21 pm