Ripple CEO Brad Garlinghouse Calls $11B Valuation Outdated Amid XRP Price Surge

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Ripple CEO Brad Garlinghouse Calls $11B Valuation Outdated Amid XRP Price Surge - CoinGape

Quick Summary:

Ripple was last valued at $11 billion in early 2024 when the company bought back $300 million worth of shares.

Crypto analyst Peter Brandt noted in his recent analysis of XRP’s technical chart that if the current bullish flag pattern would be fulfilled, XRP market cap may hit $500 billion.

Garlinghouse stressed that the RLUSD will leverage XRP rather than replace it, increasing its liquidity, and opening more possibilities for the utilization of Ripple’s DEX and automated market maker (AMM) functionalities.