Ripple CEO Brad Garlinghouse has reacted to XRP's massive rally
Ripple CEO Brad Garlinghouse has succinctly commented on the breathtaking rally in a recent social media post, wishing the community good morning. Sonala co-founder Anatoly Yakovenko recently opined that Ripple's win against the SEC was"the fatal wound" in the SEC's"lawfare" against crypto.
Stuart Alderoty, Ripple's chief legal officer, also pinned the blame on Gensler, arguing that crypto prices were"artificially suppressed" by the SEC. XRP would constantly remain among the top five biggest tokens by market capitalization. However, it was on the cusp of leaving the top 10 after Ripple got sued by the SEC.
The controversial token is not just 20% away from surpassing its longstanding all-time high that was reached as many as seven years ago. These are some telltale signs of market exuberance that could be seen during the peak of the 2017 bull market. In early 2018, Ripple co-founder Chris Larsen became one of the world's richest people after the price of the token surged above $3. However, XRP ended up losing the vast majority of its value during the 2018 bear market.
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