- In a Fox Business interview, Ripple CEO stressed long-term crypto vision over short-term Bitcoin dips.
- Brad Garlinghouse described Ripple’s acquisition of Hidden Road as the company’s biggest and significant deal so far.
- He said last year’s “coordinated attack” by U.S. regulators blocked such major crypto deals.
In a recent appearance on The Claman Countdown with Liz Claman on Fox Business, Ripple CEO Brad Garlinghouse discussed the current state of the cryptocurrency market, addressing both Bitcoin’s recent decline and Ripple’s latest strategic acquisition.
During the interview, Claman pointed out that Bitcoin had surged to a post-election high of $107,000 but has since fallen to approximately $86,000. She raised questions about the future of the market and the wide gap between various predictions, with some suggesting Bitcoin could reach $250,000, while others remain far less optimistic.
Garlinghouse responded by emphasizing a broader perspective rather than focusing on short-term price movements. “I don’t think about it in short-term timeframes. I think about the macro trends in crypto and the XRP ecosystem,” he said.
According to him, XRP has outperformed other major cryptocurrencies over the past 90 days, and his focus remains on the long-term development of the sector over the next few years.
We’re focused on where the industry will be in three years, not the next six months,” Garlinghouse mentioned.
Ripple’s Record-Breaking Deal Signals Confidence
In addition, Garlinghouse highlighted Ripple’s $1.25 billion acquisition of Prime Broker Hidden Road as a major milestone, calling it the company’s largest and potentially the most significant deal in the crypto industry to date. He added that such a move would’ve been impossible a year ago amid what he called a “coordinated attack” by the U.S. government on crypto.
He pointed to restrictive tax policies and banking regulations that had previously stifled innovation and discouraged adoption across the industry. However, Garlinghouse believes the regulatory climate is beginning to change, making bold acquisitions like this more feasible and strategically sound.
We’re now seeing a significant change across the board. An acquisition like that would have made no sense a year ago, and it makes a lot of sense now,” Garlinghouse said.
Attorney John Deaton, a vocal supporter of XRP, praised the interview on social media. He particularly highlighted Claman’s question about whether Ripple would have pursued this acquisition a year earlier. “Brad essentially says no way — not with the boot of the government on the industry’s neck,” Deaton commented.
At present, XRP is trading at $2.02, with an increase of nearly 1% in the last 24 hours. However, some market watchers believe this could be the beginning of a much larger move.
Analyst Predicts XRP Could Climb to $30
On April 10, analyst Egrag Crypto shared a bullish outlook for XRP in his latest chart analysis. The analyst identifies a long-term Symmetrical Triangle pattern that first appeared in 2017, just before XRP’s historic rally that saw a 2,600% gain, pushing its price to an all-time high of $3.84.
Egrag now sees the same pattern forming again. If history repeats, XRP could break out from its current consolidation range and surge to $30 or beyond. His chart suggests that a breakout from around $1.20 could propel XRP as high as $32.36, echoing the magnitude of the 2017 move.
The Symmetrical Triangle pattern, according to Egrag, is a classic formation that often precedes strong upward trends. He supports his prediction with a textbook comparison between symmetrical triangles and bullish pennants, both of which traditionally result in a sharp price increase after the breakout.
Egrag also outlines a possible three-stage rally: an initial upward movement, a short pullback, and a second, more aggressive surge. While the $30 forecast might appear ambitious, the historical precedent and pattern consistency offer a compelling case for another significant breakout.
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