Brad Garlinghouse Shares ‘XRP Trading on Fire’ Message As XRP Spikes Again

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As a seasoned crypto investor with a knack for recognizing potential in the blockchain space, I must admit that the recent surge of XRP has caught my attention. With over two decades of experience in the financial sector, I’ve witnessed the struggles banks face when it comes to cross-border payments. The issues Ripple has highlighted resonate deeply with me, as these are challenges I’ve encountered firsthand during my tenure at various banks.

Brad Garlinghouse, CEO of Ripple, has underscored the latest extraordinary price surge by resharing a highly optimistic prediction regarding XRP.

“XRP trading is on fire”

As an analyst, I recently observed that Garlinghouse, a notable figure in the cryptocurrency realm, has shared a post originating from Austin Reid, who holds the position of Global Head of Revenue and Business at FalconX, a renowned crypto brokerage firm. This information is based on Mr. Reid’s bio details.

He posted on Twitter that trading of XRP is experiencing significant increases, as his company has seen a “10-fold increase in volume from the first half to the second half of Q4.” Reid contends that this surge isn’t solely due to increased retail investor activity, but rather large institutions are fueling the upward trend.

Over the past week, the Ripple-affiliated cryptocurrency XRP has stunned the market with a jaw-dropping boost of roughly 117% as it spiked from $1.3 to a local high of $2.8. After a 24% plunge on Tuesday, today XRP has recovered nearly 19% and is currently trading at $2.63 per coin. Besides, XRP has added $100 billion in one month and has soared to the top three position in terms of market capitalization value.

Ripple shares top 6 issues faced by banks

Earlier today, Ripple – a leading player in the blockchain sector – highlighted six typical hurdles faced by local banks when dealing with cross-border payments, and explained how they address these problems that banks often encounter. (Paraphrased)

According to a tweet, obstacles encountered by banks, such as high transfer fees with hidden charges, delayed transactions, restricted access, service inconsistencies, complicated regulatory oversight, and ultimately, liquidity problems, are some of the challenges they face.

6 Key Obstacles in Cross-Border Transactions for Domestic Banks:

— Ripple (@Ripple) December 3, 2024

In their article, Ripple has provided a connection to help you understand how these problems might be simply addressed. High transactional payment and remittance costs could potentially be reduced by utilizing Ripple’s payment solution.

According to the article, problematic service quality and dependability concerns may be addressed effectively due to a 24/7 transparent payment tracker developed by Ripple. This tool is accessible not only during regular business hours but also on weekends and holidays. Furthermore, transactions via Ripple reportedly differ from those handled by banks, offering smoother processes. These persistent issues have been impacting bank reputation and customer contentment negatively.

In addition, Ripple Payment System links customers to a worldwide payment network equipped with cutting-edge technology for hassle-free and cost-effective transactions. This addresses the predicament of restricted access to services. Furthermore, the article emphasizes that Ripple Payments adheres strictly to all required compliance and security guidelines, thereby providing a response to concerns about risk and regulatory compliance management.

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2024-12-04 13:47