Brad Garlinghouse: RIPPLE BULL RUN CONFIRMED! XRP PRICE ANALYSIS

#ripple #xrp #sec #ripple #xrp #sec Ripple (XRP) Price Breaks Above the Multi-Year Consolidation: Here is What it Means for the Crypto Space The XRP price has maintained a steep ascending trend ever since the token rebounded from the March 2020 lows. The price further went up by more than 1000% and also encountered a drastic bear market, losing over 80% of its gains. Regardless of the bullish or bearish trend prevailing within the market, the XRP price held the lower ascending trend line, which has been acting as a strong support since then. Now that the price has soared beyond its bearish reach, the token is believed to mark a dollar milestone anytime from now. The XRP price jumps by over 20% in just a few hours, aiming to reach levels above $0.8, which may occur anytime from now. With this, the optimism around XRP has surged as the token lands up as one of the top performers compared to the last several days, largely driven by memecoins. After remaining behind the crypto market trends for a long time, the XRP price has finally triggered a bullish trend. #ripple #xrp #sec #BRADGARLINGHOUSE #rippleprice Ripple, formerly known as OpenCoin, was founded in September 2012 by Chris Larsen and Jed McCaleb. Their goal was to create a payment protocol and exchange network, which later became known as Ripple. In 2013, the company changed its name to Ripple Labs, Inc., and in 2015, it was rebranded simply as Ripple. Ripple developed the digital currency XRP and a payment platform designed to enable fast and low-cost international money transfers. Unlike Bitcoin, which relies on mining, transactions on the Ripple network are validated through a consensus mechanism among network participants. This significantly reduces energy consumption and processing time. Since 2014, Ripple has been actively collaborating with financial institutions, offering alternative solutions for money transfers. The first bank to use the Ripple protocol was Fidor Bank in 2014. In the following years, other banks, such as Cross River Bank, CBW Bank, and Santander, joined the network. In December 2020, the U.S. Securities and Exchange Commission (SEC) accused Ripple of selling unregistered securities worth $1.3 billion in the form of XRP tokens. The legal battle is ongoing, and as of February 2025, it is expected to conclude in the coming months. In May 2023, Ripple acquired Swiss crypto custody firm Metaco for $250 million, expanding its global presence. In June 2023, Ripple secured a license from the Monetary Authority of Singapore to provide regulated digital payment token services. Despite legal challenges, Ripple continues to develop its technology and expand collaborations with financial institutions worldwide.