Brad Garlinghouse, the CEO of Ripple, expressed disappointment that the unique position of XRP in the crypto market has not been rewarded. He shared this sentiment at the XRP Ledger Apex conference, emphasizing that XRP is the only cryptocurrency in the U.S. with regulatory clarity.
Garlinghouse contrasted XRP with Ethereum (ETH), the largest altcoin, highlighting that XRP’s status as a non-security sets it apart in the U.S. market. In comparison, Ethereum’s regulatory status remains uncertain, with the U.S. SEC issuing warnings about a potential lawsuit.
Despite a court ruling confirming XRP’s non-security status, Garlinghouse was surprised that the market had not reflected this advantage in XRP’s value. He noted, “I think it’s unusual that XRP holds such a unique position, yet the market has not recognized that.”
Following the court victory, XRP initially surged by over 100% but has since underperformed, trading at $0.478 with a modest one-year gain. Despite major U.S. exchanges relisting XRP and investment platforms reinstating it, XRP’s value has declined by approximately 50% from its peak.
While other cryptocurrencies saw significant gains during a bull run, XRP failed to follow suit, leading to speculation about the lack of demand for XRP affecting its price. This investigation suggests that XRP’s stagnation is not due to Ripple’s sales but rather a broader issue of market demand.
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