NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Ripple CEO Has Grave Warning for Crypto Markets; Will XRP Survive a Market-Wide Purge?

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Ripple XRP

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Brad Garlinghouse, the CEO of Ripple – the FinTech company that has close ties to XRP – explained in a recent interview that he believes the vast majority of cryptocurrencies that are currently on the markets will eventually plummet to zero.

Naturally, XRP does have its fair share of naysayers who believe that it will be one of the cryptocurrencies that ends up going to zero, but Garlinghouse remains adamant that the utility that is currently being created around XRP will be enough to propel it higher in the months and years to come.

Ripple CEO: Majority of Cryptos to Die in Coming Years

During a recent interview with Bloomberg, Garlinghouse explained that the sheer amount of digital assets currently circulating within the cryptocurrency markets is primarily the result of the hype surrounding the nascent technology.

As this hype fades, however, he anticipates the majority of these cryptocurrencies to plummet to zero due to their lack of actual utility and their inability to meet customer needs.

“Anytime there is a new market, there are a lot of people that run into that market and try to show that they can solve a problem, they can deliver a customer need,” he explained, going on to say that 99% of these assets “probably goes to zero.”

Will XRP Avoid the Market-Wide Purge?

There are many analysts and investors who believe that the utility surrounding XRP – the native token to Ripple’s xRapid cross-border settlement system – is fabricated and that the token will ultimately be included in the event that Garlinghouse believes will bring many cryptocurrency’s value towards zero.

Despite this, Garlinghouse did explain that XRP does have significant utility, especially while considering the inefficiencies of SWIFT, including its “transaction volatility,” which Ripple believes is solved by XRP.

It is important to note that XRP has been stuck in a period of consolidation for the past couple of weeks, and it has been unable to break above its resistance at $0.30 despite the on-going Ripple Swell conference – which is where positive news surrounding the adoption of XRP is often announced.

Assuming that Ripple doesn’t incur its annual “Swell pump” in the coming few days, it may face further downside in the near-term. Ultimately, however, its long-term success will likely be largely dependent on how much real-world utility is generated around the crypto.

Featured image from Shutterstock.
Tweet123Share300ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ondo finance Bitcoin cryptocurrency blockchain finance

Ondo Finance Surges 20% Weekly Amid Hype and Growing DeFi Demand

Ondo Finance (ONDO) has risen as one of the top performers in the market this week, surging 20% to trade...

James Halver 4 hours ago

柴犬幣獲力挺價格上看156%漲幅 現在最值得買入這個迷因幣潛力升幅100倍

隨著市場對迷因幣熱度再度升溫,柴犬幣(Shiba Inu,簡稱SHIB)重新站上話題中心。一位知名匿名交易員Unipcs最近預測,迷因幣市場正準備進入拋物線式的上升階段,柴犬幣將是這波趨勢中的主要受益...

Mark Mak 5 hours ago
Ethereum

Ethereum Validator Slashing Puts Cardano’s Resilience In Focus – Here’s Why

A recent slashing of Ethereum from different validators has reignited the debate around staking models, with many pointing to Cardano’s...

Godspower Owie 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink

Chainlink And Polymarket Forge New Alliance: LINK Forecasted To Outperform XRP By 2030

Ronaldo Marquez 26 minutes ago
Dogecoin

Dogecoin Breaks Out, Eyes Historic Surge Between $0.41–$0.97 – What To Expect

Godspower Owie 2 hours ago
Dogecoin

Dogecoin Defies Odds, Jumps 21% Even As ETF Debut Gets Pushed Back

Christian Encila 3 hours ago

Premium Sponsors

Press Releases

  • トレーダー注目の新規コイン ― 仮想通貨1000倍リターンを狙える格安銘柄

    トレーダー注目の新規コイン ―...

    8 hours ago
  • ミームコインが注目のプレセールで100万ドル突破 ― Mine-to-Earn型報酬が話題に

    ...

    8 hours ago
  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    13 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    13 hours ago
  • イーサリアム...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.