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XRP Surges 3% as Ripple CEO Touts TradFi Adoption and Crypto's Growing Role

XRP Surges 3% as Ripple CEO Touts TradFi Adoption and Crypto's Growing Role. Source: TechCrunch, CC BY 2.0, via Wikimedia Commons

XRP climbed more than 3% on Monday, pushing its price back toward the $1.35 range following a broader crypto market selloff. The rebound comes as Ripple CEO Brad Garlinghouse voiced strong optimism about accelerating institutional demand for digital assets, particularly from traditional finance (TradFi) players.

In a post on X dated March 30, Garlinghouse highlighted a significant shift in how major global institutions perceive cryptocurrencies. He pushed back against long-standing skepticism — referencing Warren Buffett's 2018 "rat poison" label for Bitcoin and JPMorgan CEO Jamie Dimon's recurring "pet rock" comparison — arguing that today's financial landscape tells a very different story. According to Garlinghouse, some of the world's largest companies are now actively exploring stablecoins and digital asset integration, signaling a turning point for mainstream crypto adoption.

Ripple's own stablecoin, RLUSD, recently surpassed the $1.5 billion milestone, underscoring the company's deepening footprint in the digital payments space. Garlinghouse stressed that Ripple's strategy has always centered on real-world utility, forging partnerships with financial institutions worldwide to serve as a bridge between legacy finance and the emerging crypto economy. He also addressed crypto market volatility, evolving regulatory guidance from the SEC and CFTC, and the potential impact of the CLARITY Act during a Fox Business interview.

On the price action front, XRP traded between a 24-hour low of $1.30 and a high of $1.36, with trading volume surging 44% — a clear indicator of renewed trader interest. Derivatives markets echoed the bullish sentiment, with total XRP futures open interest rising 1.80% to $2.59 billion within just four hours. Analysts point to the 50-day moving average at $1.40 as the next key resistance level, with a breakout potentially opening the path toward $1.50. Progress on the CLARITY Act in mid-April could serve as a further catalyst.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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