Ripple CEO’s Bullish Prediction Amid XRP Price Crash

• XRP broke out from the lower end of the Bollinger Band, losing the $0.5 support level.
• Brad Garlinghouse said that the crypto space will reach the $5 trillion market cap by 2024-end.
• Ripple’s upcoming RLUSD and SEC case’s settlement might push prices higher.

XRP, the native token of the XRP Ledger, has broken down from the lower end of the Bollinger Bands, losing a critical support zone. This decline comes amidst a broader crypto market crash, with leading digital assets Bitcoin (BTC) and Ether (ETH) experiencing double-digit losses.

As per the data from CoinMarketCap, XRP crashed 14% in the past 24 hours, and is currently trading at $0.47, with a 184.52% surge in the trading volume, which currently stands at $3 billion. The sudden surge in trading volume confirms that investors are dumping their XRP tokens.

Despite the current market downturn, Brad Garlinghouse, the chief executive of Ripple, remains bullish on the future of the cryptocurrency sector. In an interview with CNBC earlier this year, Garlinghouse predicted that the crypto market will reach a valuation of $5 trillion, adding: 

“The overall market cap of the crypto industry … is easily…

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