Latest news with #BradGarlinghouse
Yahoo
2 days ago
- Business
- Yahoo
XRP Little Changed as Technicals Showed Mixed Signals for Day Traders
XRP was little changed over the past 24 hours, rising from $2.194 to $2.264 and defying the broader digital asset market's uncertainty. The token's rally comes amid intensifying global trade tensions, with major economies implementing new tariffs that have rattled markets. Despite these headwinds — and a second consecutive week of institutional outflows totaling $28.2 million as reported by CoinShares — XRP has shown resilience, underscoring its potential utility in cross-border payments. The U.S. government's Digital Asset Stockpile, announced in March 2025 and which includes XRP, continues to provide a solid fundamental backdrop even as price consolidation tests investor confidence. News Background Ripple CEO Brad Garlinghouse denied plans to acquire Circle but has expanded its stablecoin strategy with RLUSD, positioning it as on-ledger collateral on the XRP Ledger. Ripple's acquisition of Hidden Road hints at ambitions beyond traditional crypto applications, focusing on infrastructure and bridging the gap between decentralized finance and traditional finance. In the UAE, Ripple is working on tokenized real estate, turning theory into practice with tangible asset experiments. Technical Analysis Recap XRP climbed from $2.194 to $2.264 over the past 24 hours. Price action formed a clear uptrend with strong support at $2.190-$2.195, despite institutional outflows. Resistance emerged at $2.284 during the 19:00 hour, with volume spiking to 39.6 million. A notable breakout occurred during the 15:00 hour, where XRP surged 2.5% on volume of 84.7 million units. XRP faced a modest pullback to $2.255 before rebounding in the final hour, climbing 0.9% from $2.260 to $2.265. The final 15 minutes of trading saw particularly strong momentum, with higher lows and increasing volume indicating bullish sentiment. Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk's editorial team for accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
4 days ago
- Business
- Forbes
Ripple's XRP Just Won A Surprising New Ally As Huge Price Rally Leaves Bitcoin In The Dust
Ripple's XRP has rocketed over the last year, climbing 300% compared to the 50% bitcoin price rally (which is now braced for a 'critical' $7 trillion tipping point). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The XRP price has come within touching distance of its 2018 all-time high, soaring as developer Ripple tries to cozy up to U.S. president Donald Trump's crypto-friendly administration—with U.S. vice president JD Vance issuing a huge crypto prediction. Now, as Tesla billionaire Elon Musk primes the crypto market for an imminent game-changer, XRP has been adopted as a treasury reserve asset by the Saudi-backed VivoPower. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run XRP developer Ripple's chief executive Brad Garlinghouse has seen the XRP price soar this year. VivoPower, a sustainable energy Nasdaq-listed company, has said it plans to buy $121 million worth of XRP, raising the funds via a private share placement, and sending its stock sharply higher. The fundraising is being led by Saudi price Abdulaziz bin Turki Abdulaziz Al Saud, investing $100 million, with former SBI Ripple Asia executive Adam Traidman joining VivoPower as chairman of the board. 'We have been investors in the digital asset sector for a decade and have been long-term holders of XRP,' prince Abdulaziz bin Turki Abdulaziz Al Saud, who met with Trump on his Saudi visit last month, said in a press release, adding the VivoPower investment is due to its "strategic focus on XRP and its objective to contribute to building out of the XRPL [XRP Ledger'] ecosystem." VivoPower said it will use the funds to buy XRP and establish its XRP-focused treasury operations, as well as invest in the XRPL decentralized finance (DeFi) ecosystem. 'VivoPower's initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications,' Traidman, a former Ripple board member, said in the press release. XRP developer Ripple is an enterprise-focused blockchain service company that owns around 80 billion of the total 100 billion XRP and uses it to facilitate cross-border payments. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The XRP price has surged over the last year, outperforming the bitcoin price as a race to add ... More cryptocurrencies to corporate treasuries gets underway. The trend for companies to add bitcoin and other cryptocurrencies to their corporate treasuries was started by Michael Saylor's Strategy in 2020, with Strategy's near-3,000% stock rally inspiring a flood of copy cat trades. Last week, GameStop became the latest company to begin buying bitcoin, while rival cryptocurrencies ethereum and solana have also been adopted by companies as treasury assets. The XRP price rally was boosted earlier this year when U.S. president Trump named XRP as one of a handful of cryptocurrencies that the U.S. would add to its so-called crypto stockpile, giving a level of validation to the cryptocurrency asset class that was almost unimaginable before Trump's November election victory.
Yahoo
6 days ago
- Business
- Yahoo
Senator Cynthia Lummis' son-in-law is not a fan of Ripple
Senator Cynthia Lummis' son-in-law is not a fan of Ripple originally appeared on TheStreet. Brad Garlinghouse, the billionaire CEO of the blockchain and payments firm Ripple, recently decried Sen. Cynthia Lummis (R-WY) cancelling a meeting with him. As previously reported, Garlinghouse claimed on May 19 that Sen. Lummis — who chairs the Digital Assets Subcommittee — cancelled a meeting with him, which she won't reschedule. Even though President Donald Trump has included XRP among the cryptocurrencies that will make up the U.S. digital assets stockpile, Sen. Lummis is a Bitcoin maximalist. In fact, the BITCOIN Act introduced by Lummis aims to legislate Trump's executive order to establish a strategic Bitcoin reserve. However, it seems there is more to the senator reportedly cancelling the meeting than meets the eye. Sen. Lummis's son-in-law, Will Cole, is also a Bitcoin maximalist like her. Not only that, he frequently criticizes Ripple, underlined a popular crypto account on X called The user pointed out to Garlinghouse that Cole has been sharing Catholic Bitcoin CEO Pierre Rochard's posts criticizing Ripple for the company's alleged anti-Bitcoin and pro-CBDC stances. Garlinghouse responded to the post, saying it was "enlightening" to know that Cole is related to Sen. Lummis. "I really have to wonder if this was Sen. Lummis or someone on her staff making this decision," he added. Crypto lawyer Bill Morgan also shared screenshots of Cole's posts from 2021 and 2022 criticizing Ripple and XRP for its alleged centralized model. Bitcoin vs. XRP discourse isn't new. While the former is the largest cryptocurrency, the latter is the fourth-largest cryptocurrency. While Ripple is criticized for its centralized leadership, Bitcoin is criticized for its adverse environmental impact. In 2023, a Canadian artist Benjamin Von Wong teamed up with Greenpeace USA to create an art installation called the "Skull of Satoshi" to raise awareness about Bitcoin's energy usage. Guess who else turned up to support the initiative? Ripple co-founder Chris Larsen. Though the Bitcoin community embraced the installation soon enough, the Ripple CEO recently made an effort to bridge the gap between different crypto communities by donating the installation to the community. BTC, XRP, and other crypto communities have "more in common than we think," Garlinghouse said. There is a political overture to the Bitcoin vs. XRP discourse as well. Ripple has made significant political donations to Trump — including the firm's chief legal officer Stuart Alderoty personally donating $300,000 in XRP to Trump's 2024 presidential campaign and Ripple Labs donating $5 million in XRP to his inaugural committee. Ripple, which had been battling a years-long securities violations case with the Securities and Exchange Commission (SEC), saw the regulator attempting to settle with it following Trump's election victory. But the Democratic presidential candidate Kamala Harris's campaign also found support at Ripple. Co-founder Chris Larsen donated $10 million worth of XRP to Harris during the campaign. It is, however, not uncommon for companies to make donations to both parties during election campaigns. Since Trump's inauguration, XRP has declined 25% in value to trade at $2.20 at press time, as per Kraken. Though Bitcoin's value has declined 4% since Trump's inauguration, his coming to power has only led to the king coin's surge. BTC first hit its record high of $109,241 on Jan. 20, ahead of his inauguration ceremony. It then recently hit another record high of $111,970.17 on May 22. As per Kraken, it was trading at $104,759.32 at press time. Senator Cynthia Lummis' son-in-law is not a fan of Ripple first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Ripple CEO donates ‘skull of Satoshi' in surprise peace offering
While Bitcoin is the largest cryptocurrency, other leading cryptocurrencies, such as Ethereum, XRP, and SOL, are always vying to capture the top spot. Though the intense competition among different crypto assets often leads to heated debates among the community, it ultimately benefits users as blockchain networks keep getting faster and safer due to the continuous efforts of the developers to attract a larger user base. Amid such intense rivalry, Brad Garlinghouse, the billionaire CEO of the blockchain tech and payments firm Ripple, has extended an olive branch to bridge the gap between different crypto communities. On May 28, it came to light that Ripple donated an art installation called the "Skull of Satoshi" to the Bitcoin community. Satoshi Nakamoto is the name used by the pseudonymous individual or group who developed Bitcoin. As crypto and blockchain technologies become widely used, it's time for crypto communities to set aside their differences in order to work together to push the industry forward, Ripple CEO wrote on X. Garlinghouse said though the "Skull of Satoshi" was created to raise awareness about energy usage, it's now a symbol of Bitcoin's "incredible staying power" to individuals around the globe, including himself. He added that BTC, XRP, and other crypto communities have "more in common than we think." Canadian artist Benjamin Von Wong teamed up with Greenpeace USA, a leading environmental advocacy organization, to create the art installation and unveiled it in March 2023. Ripple co-founder Chris Larsen had supported the initiative that criticized Bitcoin for "ravenous" consumption of fossil fuels due to its "outdated" code. However, Ripple's support for the installation was also understood to be a dig at a leading rival. Von Wong later said the installation wasn't meant to be "anti-Bitcoin" and mining wasn't a "simple black-and-white issue," as they earlier believed. The artist hoped that Bitcoin would shift toward a sustainable model. The Bitcoin community nonetheless embraced "Skull of Satoshi," even if ironically. The installation is currently on display at the ongoing Bitcoin 2025 conference in Las Vegas and will find its permanent home at the Bitcoin Museum in Nashville. Ripple CEO donates 'skull of Satoshi' in surprise peace offering first appeared on TheStreet on May 28, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Ripple CTO addresses concerns around firm's leadership
Ripple, the blockchain technology and payments firm, is one of the largest crypto companies in the world. Brad Garlinghouse, The firm's billionaire CEO is a popular industry face who is well-known for his public utterances. However, the public nature of the payments firm seems to have raised an interlinked question of Ripple's centralized leadership and XRP's supposed decentralized model. A user asked on X why Ripple CEO Brad Garlinghouse is the face of XRP, given XRP's claim to being a decentralized cryptocurrency. "I don't see the same arrangement with BTC," they wondered. Ripple CTO David Schwartz was quick to jump in and offer a detailed explanation to address the concerns. Schwartz highlighted that Garlinghouse is the CEO of Ripple, which is a company. But "XRP has no issuer," he continued and added that all XRP tokens were created around the launch of the XRP Ledger. The payments firm's CTO also addressed the question of decentralization, which is a defining concept in the crypto ecosystem. Decentralization means no single individual or group controls a blockchain or a cryptocurrency. To put it simply, decentralization makes sure that a cryptocurrency is not controlled by a centralized entity. Those concerned about XRP Ledger's decentralized model should care less about definitions and more about what they expect from decentralization, Schwartz added. Nonetheless, XRP faces an acute centralization issue. As per its Q1 2025 markets report, Ripple owned 4.56 billion XRP tokens and held 37.13 billion XRP tokens in the escrow. Garlinghouse has a reported 6.3% stake in Ripple and himself owns an undisclosed number of XRP tokens. Ripple co-founder Chris Larsen held 2.7 billion XRP tokens, as per the on-chain investigator ZachXBT. The total XRP supply is capped at 100 billion tokens. As per Kraken, XRP was quoted at $2.33 at the time of writing. Ripple CTO addresses concerns around firm's leadership first appeared on TheStreet on May 27, 2025 Sign in to access your portfolio
