#RippleLabs CEO #BradGarlinghouse believes that it is only a matter of time before the company launches an exchange-traded fund for $XRP
.

In an interview with #Bloomberg Television, Garlinghouse expressed confidence that the XRP ETF will eventually be approved, which would be a major milestone for Ripple amid its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

“It's inevitable,” Garlinghouse said, noting the growing demand for cryptocurrency-backed ETFs and the massive influx of funds into bitcoin ETFs following their approval earlier this year.

“Since bitcoin-backed funds were first approved in January, $17 billion has flowed into the fastest-growing ETF in history,” Garlinghouse said. - This clearly shows that there is demand from organizations and retailers to access this asset class.”

Earlier in October, Bitwise Asset Management Inc. became the first firm to file with the SEC for an ETF tracking XRP, currently the world's seventh-largest cryptocurrency. Shortly afterward, Canary Capital Group, a digital asset-focused investment firm founded in September, also filed for a similar product, the Canary XRP ETF.

Garlinghouse said the approval of cryptocurrency ETFs #signals a trend toward greater institutional participation in the digital asset space: “It puts upward pressure on the prices of a lot of different cryptocurrencies, including XRP,” he said. * Not investment advice.

In a stunning development, **Elon Musk** has reportedly made a colossal $25 billion move involving **Ripple Labs**, the force behind XRP! 🌐💥 This unprecedented financial maneuver could reshape the cryptocurrency landscape and beyond.

**The $25 Billion Bombshell:**
Musk's move involves a massive $25 billion investment or transaction related to Ripple Labs. While details are still emerging, possibilities range from a direct investment to a major acquisition or partnership, potentially redefining Ripple Labs’ role in the crypto world.

**Ripple Labs and XRP:**
Known for its digital asset XRP, Ripple Labs has faced legal and regulatory hurdles but remains a key player in transforming cross-border payments. Musk’s involvement could offer Ripple Labs a boost in resources and credibility, impacting its technological advancements and regulatory stance.

**Implications:**
This game-changing move might accelerate Ripple Labs' growth, enhance its market position, and influence regulatory perspectives. The ripple effects of Musk's decision are sure to be profound!

**But that’s not all—exciting news awaits!**

Introducing **dappOS**: The Future of Web3 Interaction! 🌟🚀

Imagine earning yield while keeping your crypto fully available for DeFi apps. **dappOS** makes it possible! Profit without locking up your assets and revolutionize your blockchain experience.

**Why dappOS Stands Out:**
- **No Asset Lock-Up:** Earn while your crypto stays active.
- **Ultimate Flexibility:** Seamlessly manage your assets in DeFi.
- **Backed by Giants:** Supported by Binance Labs, Sequoia, and more.

Ready to lead the blockchain revolution? Dive in with **dappOS** and unlock endless opportunities!

Who’s ready to join the revolution? Share your thoughts below! 👇
@dappOS_com
#ElonMusk #RippleLabs #dappOSTheFutureofIntents 3 #BinanceWeb3Wallet

XRP bows to community instability in developer relations
$XRP
is trading negatively as broader market pressure and internal wrangling have positioned it in the bearish spotlight. At the time of writing, #Xrp🔥🔥 was changing hands for $0.5549, down by 2.53% in 24 hours. This price breakdown marks an extension of the drawdown over the trailing seven-day period, during which the coin has dropped by more than 5%.
Why is XRP down today?
Beyond the general bearish market outlook, #RippleLabs spooked the community yesterday when it announced the pivot to smart contracts and programmability. While this was a very positive development for #XRPledger , key developers in the ecosystem had dissenting views.
For example, XRPL Labs' top developer, Wietse Wind, argued that this abrupt pivot toward smart contracts was unexpected. He noted that his team had worked on a similar solution that has gone live and is currently functional. He argued that Ripple needs to acknowledge the efforts of its most loyal builders and adopt what is working rather than building a new alternative.
Overall, this smart contract push has forced Ripple CTO David Schwartz to send a series of messages to clear up the confusion. In his latest post on X, he said the switch to adopt smart contracts came after he was convinced by ecosystem stakeholders that smart contracts could work on XRPL.
Seems like there’s confusion over the programmability blog post we put out yesterday, so let me clear a few points up:

Ripple simply cannot (and absolutely doesn’t want to) unilaterally change the XRP Ledger. The blog post is Ripple saying that we see the value in bringing…— David "JoelKatz" Schwartz (@JoelKatz) September 4, 2024
He also noted that the historical data of how Hooks worked on Xahau will also help shape the direction of the new protocol. He highlighted this to address the concerns of Wietse Wind.
What's next for XRP?
XRP is one of the most watched digital currencies on the market. For over a year, its price has traded far below the psychologically important $1 resistance level, an indication of its slow pace of adoption.
The Ripple v. SEC lawsuit was the major bottleneck stalling the coin’s growth at one time. However, now that the case has been settled with a $125 million penalty slapped on Ripple, market watchers are hoping this developer brawl will not further derail its growth.
#NFPWatch #USDataImpact

In a regular monthly occurrence, Ripple Labs has released 1 billion XRP tokens into the Ripple ecosystem at the beginning of November, as reported by blockchain intelligence firm Whale Alert. This consistent practice, accounting for approximately 1% of the eventual total supply, is part of Ripple's strategy to gradually increase circulation until the entire supply is released by April 2027.

Release Structure and Escrow Smart Contract
The release of the tokens follows Ripple Labs' standard practice since 2017, with the company utilizing an escrow smart contract. The tokens are typically released in three tranches, a strategy aimed at preventing supply shocks that could significantly impact the price of XRP. This structured approach aligns with Ripple's long-term plan to manage the release of XRP into the market.
Current Circulation and Future Supply
As of November, slightly over half of the total XRP supply that will ever be issued is currently in circulation. Ripple Labs has maintained a consistent pattern of increasing the circulating supply each month, adhering to their timeline to release the entire XRP supply by April 2027. Despite the ongoing increase in supply, demand for XRP remains robust, driven by Ripple's strategic partnerships in the finance sector and its high-profile legal battle with the U.S. Securities and Exchange Commission (SEC).
Strategic Approach Amidst Legal Battles
Ripple's unique approach of releasing a portion of the supply monthly while re-locking a sizable portion aligns with its broader strategy. This approach not only allows for a controlled increase in circulation but also aims to mitigate potential price volatility caused by sudden supply influxes. The demand for XRP continues to be fueled not only by its utility in the financial sector but also by the ongoing legal challenges Ripple faces, distinguishing it from other cryptocurrencies that opt for supply reduction to enhance value.
Contrasting Dynamics in the Crypto Landscape
The crypto industry often witnesses projects reducing supply to increase perceived scarcity and, consequently, value. In contrast, Ripple's methodical increase in supply, coupled with strong market demand, showcases a different strategic approach. The interplay between supply dynamics and external factors, such as legal battles and strategic partnerships, adds layers of complexity to Ripple's journey in the evolving cryptocurrency landscape.
Navigating Supply Dynamics for Long-Term Growth

Ripple's monthly release of XRP tokens underscores a carefully orchestrated strategy to manage the cryptocurrency's supply dynamics. As Ripple continues to navigate legal challenges and strengthen its position in the financial industry, the controlled release of XRP remains a crucial aspect of its long-term growth strategy. The coming months will shed light on how these dynamics shape XRP's role in the broader cryptocurrency market.
#Ripple #RippleLabs

In a stunning move, Elon Musk has shocked the crypto world with a $25 billion financial game-changer involving **Ripple Labs** and their flagship token, **XRP**! 🤯

Speculation is rife—could this be a massive investment, an acquisition, or a groundbreaking partnership? 💥 With Ripple Labs already navigating legal hurdles, Musk’s move could propel **XRP** into a new era of growth and innovation! 🌟

As **XRP** continues to revolutionize cross-border payments, this seismic shift could dramatically alter Ripple’s market position. Investors and analysts are on high alert—what's next for **XRP** and the broader crypto landscape?

Strap in, the future of digital assets just got even more thrilling! 🌐📈

#XRP #RippleLabs #CryptoNewss #ElonMusk.