XRP, ripple v sec
  • Ripple CEO Brad Garlinghouse shared a symbolic artwork featuring a downcast chimpanzee with the slogan “Laugh now, but one day XRP will power the World,” reflecting XRP’s journey and future potential.
  • He also highlighted the SEC’s approval of Ethereum ETFs and pro-crypto legislation as significant market momentum drivers, rekindling hope for an XRP ETF.

Ripple CEO Brad Garlinghouse has recently stirred excitement within the XRP community by unveiling a captivating piece of artwork featuring a downcast chimpanzee with a sandwich board bearing his favorite slogan: “Laugh now, but one day XRP will power the World.” This image, echoing the iconic work of street artist Banksy, serves as a symbolic representation of XRP’s journey and future potential.

The Symbolism Behind the Artwork

Garlinghouse’s artwork, a reinterpretation of Banksy’s famous piece, carries a powerful message. Banksy’s original creation features a chimpanzee with a sign stating, “Laugh Now, but one day we’ll be in charge,” symbolizing defiance and the underdog’s eventual rise. This message resonates deeply with the XRP community, which has faced significant challenges and opposition over the years.

In his social media post, Garlinghouse revealed that this artwork has been a cherished item in his home, symbolizing hope and resilience. He expressed that with the recent positive momentum in the market, it felt like the right time to share it with the broader community. “For whatever reason, I’ve been hanging on to this one for a while… Probably my all-time favourite from the XRP community. It’s been hanging on a wall in my house… but with all this momentum in the market, I wanted to share it!” Garlinghouse wrote.

Market Momentum and Prospects for an XRP ETF

In addition to unveiling the artwork, Garlinghouse commented on the significant market developments driving the current rally. He highlighted two key events: the SEC’s approval of multiple Ethereum ETFs and the U.S. House of Representatives’ passage of pro-crypto legislation known as the Financial Innovation and Technology for the 21st Century Act (FIT21).

The approval of eight Ethereum spot-based ETF applications by the SEC has been particularly noteworthy. According to Bloomberg ETF analyst James Seyffart, these ETFs will begin trading once the necessary S-1 documents are approved, a process that could take up to five months. This development has sparked renewed hope within the XRP community for the potential approval of an XRP ETF in the future. However, some community members remain cautious due to the ongoing SEC vs. Ripple lawsuit, which could influence the approval chances.

As of now, XRP is trading at $0.5212, reflecting a decline of 1.14% in the last 24 hours, 5% over the past 30 days, and 17% year-to-date. Despite these fluctuations, the renewed optimism and market momentum suggest a promising outlook for XRP and its role in the evolving cryptocurrency landscape.

Garlinghouse’s symbolic artwork and insightful market observations continue to inspire and energize the XRP community, reinforcing the belief that XRP’s moment to “power the world” may be on the horizon.

By vivian

Vivian Njoroge is a seasoned crypto and blockchain news writer with a passion for decoding the complexities of the digital financial world. Armed with a keen eye for emerging trends and a knack for simplifying intricate concepts, Vivian brings a unique blend of expertise and enthusiasm to her writing. Her articles, characterized by clarity and depth, aim to keep readers abreast of the ever-evolving landscape of cryptocurrencies and blockchain technology.