Ripple CEO Brad Garlinghouse predicts Bitcoin could hit $200,000 by year-end, up from $175,000. XRP’s price lacks direction as traders await clearer signals. While Garlinghouse did not forecast XRP specifically, he emphasised the changing U.S. regulatory landscape, noting a shift towards support for the crypto sector, which may boost market optimism and Bitcoin’s value.
Ripple’s CEO, Brad Garlinghouse, recently suggested that Bitcoin could potentially reach $200,000 by the year’s end, an increase from his previous estimate of $175,000. This statement was made during an interview with Fox News, indicating a bullish outlook for the leading cryptocurrency within the market.
Currently, XRP is hovering near a critical trendline support level, with intraday traders remaining cautious. Market participants are looking for definitive signals before committing to positions, as the current price movement lacks clarity regarding its next trajectory.
While Garlinghouse refrained from providing specific forecasts for XRP, he acknowledged the evolving regulatory environment in the U.S. and its significance to the crypto market. He remarked that the shift from a hostile to a more accommodating regulatory stance could greatly benefit cryptocurrencies, particularly Bitcoin.
Garlinghouse also mentioned that improved market sentiment is contributing to this optimism. He posits that a combination of positive market conditions and supportive regulations could propel Bitcoin’s price upward significantly.
