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Information about XRP (XRP)
Ripple (XRP) is a cryptocurrency created in 2012 by Ryan Fugger, Jed McCaleb, and Chris Larson. The Ripple project was developed to enable users to use financial institutions, banks, PayPal, and other services at meager costs and lightning-fast processing speed.
Ripple is a distributed peer-to-peer payment system that is open source. Ripple, like Bitcoin, uses blockchain technology to provide secure payment solutions that assist in the settlement of financial transactions between banks at meager costs.
Furthermore, the benefit of Ripple is that transactions are quick and do not require time to authenticate. Simultaneously, the Ripple platform enables users to trade everything from currency to gold to cryptocurrencies.
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XRP last traded above 3.00 USD in January 2025 and has not retested that level since. However, it is about to achieve a golden cross, which occurs when the short-term moving average surpasses the long-term moving average, indicating a potential price breakout.
HashKey Capital is set to drive institutional adoption of XRP in Asia, enhancing confidence and growth potential. Its trading at 2.07 USD is reflective of a recent decline. If the golden cross materializes, XRP could surpass the 2.60 USD resistance and approach the 3.00 USD mark.
Senator Konstantin Kosachev revealed plans for the BRICS+, which aims to foster direct connections with various nations beyond the current bloc. This initiative is intended to enhance global influence and cooperation.
HashKey Capital has launched the first XRP tracker fund in Asia, aiming to boost the institutional adoption of XRP.
The fund is designed for professional investors and strives to enhance XRP’s credibility in institutional finance.
There are plans for the XRP tracker fund to potentially evolve into an ETF with regulatory approval expected within the next one to two years.
Brad Garlinghouse began his journey with Ripple on April 17, 2015. Initially skeptical about crypto, he was eventually persuaded by Ripple co-founder Chris Larsen, who welcomed him to the enterprise blockchain company.
By 2024, Garlinghouse’s net worth is estimated at 10 billion USD, significantly boosted by the rise in XRP’s price. He oversaw 150 million USD in legal costs during Ripple’s legal disputes with the SEC.
Garlinghouse has gained fame, accumulating over 1.2 million followers on X, and has become a prominent advocate for clear cryptocurrency regulations. His leadership is marked by proactive engagement in the evolving crypto landscape.
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