Market watchers are closely monitoring recent statements by Ripple CEO Brad Garlinghouse as potential indicators of a second major rally in XRP. Based on his previous influence on price, analysts believe his latest developments could trigger another substantial move. First Rally Driven by CEO’s Messaging In November 2024, XRP experienced a substantial rally, rising from approximately $0.50 to over $2 within weeks. Analysts attribute this surge in part to Garlinghouse’s announcements about growing institutional support for XRP-based investment products. He confirmed that several major asset managers, including Grayscale, Bitwise, Canary Funds, and 21Shares, had filed for XRP ETFs. At the time, he noted that “institutional interest in XRP products is stronger than ever.” That public statement helped shift investor sentiment, setting the stage for XRP’s 580% increase through January 2025, when prices briefly exceeded $3. New CEO Update Fuels Bullish Optimism Recently, Garlinghouse revealed that Ripple will withdraw its cross-appeal in the ongoing Securities and Exchange Commission (SEC) case. This move signals a near conclusion to a multi-year legal dispute that has traditionally weighed on XRP’s price. At the time of the announcement, XRP was valued at approximately $2, and it has remained relatively stable since. Analysts see parallels between this update and the prior period when Garlinghouse’s messages preceded a strong market rally. By removing a major legal uncertainty, this step could prompt fresh interest from investors and institutions. Some believe this development sets the groundwork for a renewed bullish trend. One prominent voice on X, known as XFinanceBull, has noted the similarity in market dynamics. He referenced Garlinghouse’s previous role in guiding XRP into a new price range and believes that the current signals could generate a similar effect. With XRP trading around $2.19 as of report time, another surge of 580% would place the token near $15. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Speculation Grows Around Potential 10X Move In addition to the cross-appeal announcement, Garlinghouse’s social media activity has intensified speculation. A repost featuring his XRP tattoo prompted widespread community attention. One user queried whether the tattoo represented his ongoing commitment to XRP, and Garlinghouse responded simply with “1,000%” . This brief reply sparked excitement among supporters, including influencer Alex Cobb, who interpreted the response as an indication that XRP could appreciate tenfold. If XRP did indeed increase by 1,000% from its current price of $2.19, it would reach approximately $22–$24 per coin. At that level, XRP’s market capitalization would approach $1.4 trillion, surpassing the value of major corporate giants such as Tesla and Berkshire Hathaway. However, analysts caution that this scenario is highly speculative and relies on numerous assumptions about future demand, regulatory conditions, and overall market behavior. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CEO’s Action Could Spark 580% XRP Surge: Details appeared first on Times Tabloid .
