Brad Garlinghouse, CEO of Ripple, is under consideration for a key role in the U.S. Crypto Advisory Council, attracting attention from crypto enthusiasts and potentially impacting XRP's price.
Ripple and the U.S. Crypto Advisory Council
Coinpedia reports that Brad Garlinghouse is being considered for a position in President Trump's U.S. Crypto Advisory Council. This council, created by executive order, is expected to significantly impact crypto regulation in the U.S., and the news of Garlinghouse's possible appointment has sparked interest among crypto enthusiasts.
Ripple's Growing Market Impact
Interest in Ripple is not just due to Garlinghouse's potential appointment. A possible approval of a spot XRP ETF is also generating buzz. Major financial players like Bitwise and Grayscale have filed for XRP ETFs. Garlinghouse has also suggested including XRP alongside bitcoin in the U.S. strategic reserve.
XRP's Potential to Reach $5.5
Currently, XRP is priced around $2.42, reflecting a slight rise over the past 24 hours. If XRP can hold above its 50-day SMA, it may move upward to Fibonacci extension levels at $3.52 and $4.52, potentially reaching $5.5. However, if prices fall, the $1.32 level will be critical to watch.
Brad Garlinghouse's appointment could significantly influence U.S. crypto policies and potentially XRP's price. However, XRP's next steps hinge on maintaining support levels.
