Ripple CEO makes new statement as XRP approaches $3

According to data from CoinGecko, the cryptocurrency XRP recently hit another multi-year high of $2.79.

Ripple CEO Brad Garlinghouse succinctly commented on the stunning rally in a recent social media post and wished the community a good morning.

Previously, Garlinghouse also stated that Gensler’s departure would “cause all sorts of excitement.”

Sonala co-founder Anatoly Yakovenko recently opined that Ripple’s victory against the SEC was “the fatal wound” in the SEC’s anti-crypto “legislation.”

Stuart Alderoty, Ripple’s chief legal officer, also blamed Gensler, arguing that crypto prices had been “artificially suppressed” by the SEC.

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In terms of market capitalization, XRP would continue to remain among the five largest tokens. However, it was on the verge of leaving the top 10 after Ripple was sued by the SEC.

The controversial token is not just 20% away from surpassing its long-term all-time high, which was reached seven years ago.

According to cryptocurrency analytics firm CryptoQuant, XRP whale activity recently hit another all-time high.

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In the meantime, the XRP community seems to have succumbed to complete euphoria, which some r/Ripple members show unironically speculate about whether or not the token could potentially reach $100.

These are some telltale signs of the market exuberance seen at the peak of the 2017 bull market. In early 2018, Ripple co-founder Chris Larsen became one of the richest people in the world after the token’s price rose to over $3. However, during the 2018 bear market, XRP lost most of its value.