- Ripple CEO Brad Garlinghouse highlights launch of XRP Futures.
- He also sheds light on XRP ETFs launch on CME and Nasdaq.
- Garlinghouse then commends the launch of ETFs, boosting crypto adoption.
The launch of XRP Futures and ETFs has been a popular token this bull cycle since Ripple won its case against the SEC. Now, all eyes are on Ripple and its team as XRP holders wait patiently for a parabolic pump. Amid the buzz, Ripple CEO Brad Garlinghouse highlights the launch of XRP Futures and ETFs on CME and Nasdaq earlier this week. Will an explosive XRP price pump arrive next?
Ripple CEO Brad Garlinghouse Highlights Latest Launch
Compared to most crypto blockchains, Ripple has probably had the hardest battles to fight, and despite it all, the Ripple team has been incredibly strong, resilient, and bullish over their vision throughout the entire ordeal. To highlight, Ripple and XRP were in a long-fought battle with the SEC that expanded over 7 years. Now, the time has come for the blockchain and altcoin to finally take back what should have been rightfully theirs.
In detail, the majority of the case had to do with the SEC calling XRP a security. However, Ripple was adamant that XRP was not a security, and so 7 years of trial was executed. This mean the price of XRP was cut down in its prime, two cycles ago, when XRP set its ATH at the $3 price range. This asset was steadily growing alongside Bitcoin and Ethereum, only to be shot down by the SEC’s relentless pursuit over nothing.
Furthermore, this means that the price of XRP could not pump back to its previous ATH last bull cycle due to all the FUD and skepticism caused by the SEC, let alone pump to new ATHs. Finally, the inevitable ray of light shone on Ripple’s XRP when the judge ruled XRP not a security. Since then the price of XRP pumped significantly twice so far, bringing its close to its previous ATH price around $3.
Launch of XRP Futures and ETFs
So far has Ripple and XRP prevailed that analysts now expect the price of XRP to pump significantly and recover its previous ATH and then pump to even higher bull targets in the coming months ahead. Most recently, Ripple and XRP celebrated the launch of XRP Futures and ETFs on CME and Nasdaq earlier this week. This is a clear sign showcasing a maturing market and the expanding exposure to crypto.
As we can see from the post above, Ripple’s CEO, Brad Garlinghouse , explain in 60 seconds why ETFs and exciting. He mentions two specific reasons. Firstly, institutions are heavily buying crypto to eliminate the barriers of understanding how crypto exchanges work, and to bring access to crypto to the masses in a variety of forms. The second is institutionalizing the entire crypto journey, which shows the recognition of cryptos alongside promising assets like gold.
