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XRP Surges Towards 2017 Highs as Brad Garlinghouse Advocates for Federal Altcoin Reserves, Leading Crypto Comeback

Altcoins, Blockchain, Cryptocurrency, institutional adoption, market trends, Ripple, XRP

Ripple’s XRP is on the rise again after a sharp Market selloff triggered by the introduction of DeepSeek, a low-cost Chinese AI model. The crypto asset dropped from $3.14 to $2.75 within a day, alongside a broader decline in tech stocks. However, XRP is now trading at $3.19, just below its all-time high of $3.40 from January 2018. Ripple CEO Brad Garlinghouse advocates for a federal crypto reserve that includes not just Bitcoin, but also altcoins like XRP. Additionally, Ondo Finance plans to launch a fund on the XRP Ledger, highlighting its potential for institutional adoption. This positive momentum comes amid ongoing discussions about the future of cryptocurrencies beyond Bitcoin.



Ripple’s XRP is staging a comeback after a significant drop in the Market. This decline followed the introduction of DeepSeek, an affordable artificial intelligence model from China that caused widespread concern in tech stocks and cryptocurrencies.

Over the weekend, XRP reached a high of $3.14 but fell to a low of $2.75 on Monday as investors reacted to the news. However, XRP is now on the rise, trading at $3.19, which is just 6.5% lower than its all-time high of $3.40 achieved on January 7, 2018.

Ripple’s CEO, Brad Garlinghouse, has spoken out in favor of a federal crypto reserve that includes a range of altcoins, including XRP, instead of focusing solely on Bitcoin. He argues that a diverse approach can help the crypto industry thrive. Garlinghouse emphasizes that the industry is not a zero-sum game and that collaboration is crucial for success.

In another positive development, Ondo Finance plans to launch its Short-Term US Government Treasuries fund on the XRP Ledger. This fund aims to tokenize real-world assets and represents a significant advancement for institutional adoption of blockchain technology.

XRP’s recent activities suggest a bright future as it continues to evolve within the crypto landscape.

Key Takeaways:

– XRP recovers from a recent downturn.
– Ripple’s CEO advocates for a diverse crypto reserve.
– Ondo Finance introduces a new fund on the XRP Ledger.

Stay tuned for more updates about XRP and the evolving crypto Market.

FAQ about XRP’s Recent Rally and Brad Garlinghouse’s Prompts for Federal Altcoin Reserves

1. What is XRP and why is it important?
XRP is a digital currency created by Ripple. It’s important because it helps banks and financial institutions move money quickly and cheaply across borders.

2. Why is XRP seeing a rally toward 2017 highs?
XRP is rising in value as investors become optimistic about its future. Recent news and positive developments from Ripple are boosting confidence among traders.

3. What did Brad Garlinghouse say about federal altcoin reserves?
Brad Garlinghouse, the CEO of Ripple, mentioned that he believes the U.S. government should consider creating reserves for altcoins like XRP. He thinks this could help stabilize the Market and promote innovation.

4. How does the current rally affect XRP investors?
The rally could be good news for XRP investors, as rising prices can lead to profits. However, it’s also important for investors to remember that cryptocurrency markets can be volatile.

5. What should I watch for in the future regarding XRP?
Keep an eye on regulatory news, Market trends, and Ripple’s developments. These factors can greatly affect XRP’s price and overall performance in the crypto Market.

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