- XRP has been tipped for an explosive surge as Ripple’s Brad Garlinghouse discloses the upcoming XRPL Apex 2025 date.
- Garlinghouse has also shared a recent survey conducted by the National Cryptocurrency Association (NCA), which highlights that 21% of Americans currently have a crypto in their portfolio.
Ripple boss Brad Garlinghouse has triggered excitement within the XRP community as he confirms that the much anticipated XRPL Apex 2025 will be held in Singapore from June 10 to June 12. According to the report, this year’s event would witness the gathering of renowned developers, investors and fans of the XRP Ledger.
While this event could be an avenue for building important connections and deliberating on the overall growth of the XRPL ecosystem, it could also act as a catalyst for an XRP surge, given its history. Per the information at our disposal, Garlinghouse would be one of the keynote speakers at the event. Joining him on the stage would be President Monica Long, Ripple CTO David Schwartz, and XRPL Commons President David Bchiri.
According to our source, the discussion would focus on the ongoing development surrounding XRPL, the overall plans of the Ripple company, and some updates on blockchain innovation.
Garlinghouse Comments on the NCA Survey Results
Over the past several months, Garlinghouse has been very outspoken on matters related to crypto regulations and adoption in the US. Recently, he shared a comprehensive survey by the National Cryptocurrency Association (NCA) while pointing out why such organizations are important to the growth of the ecosystem.
Reviewing the report, we found that 21% of Americans currently hold cryptos. The survey also shows that 76% of them strongly believe in the positive impact of the asset class.
Exploring the adoption of cryptos based on gender, the report highlighted that 70% of the crypto holders within the country are men. Specifically, this category of holders works in construction, finance, and technology. Meanwhile, more than half are reported to be millennials while 15% of them are more than 55 years old.
Looking at what these holders use the assets for, NCA highlighted that 39% use them for purchases, with 15% even using cryptos to buy real estate. However, 52% simply hold onto the assets. Additionally, 73% of the crypto holders admitted that they want the US to become a global leader in the industry.
XRP Price Analysis
At press time, XRP was trading at $2.1 after surging by 6% in the last 24 hours. Regardless of the sudden reversal, the daily trading volume remains 31% down as $5.2 billion changes hands at press time.
According to an analyst identified as DarkDefend, XRP could continue this move to hit between $5 and $8. As mentioned in our previous news brief, the analyst argued that XRP is currently approaching the third wave of the Elliott Wave Structure, preparing for an explosive run.
Fascinatingly, this aligns with a recent analysis captured in a CNF report, suggesting that XRP could hit $6 in the short term. Meanwhile, Google trend data indicates that the global search for the asset has significantly dropped, as indicated in our earlier discussion.
