Is XRP Experiencing a Dogecoin-Like Surge with Ripple CEO Brad Garlinghouse?

If you tuned in to watch Elon Musk on Saturday Night Live in May 2021, you were in good company. Many people were interested in what the Tesla CEO had to say, especially in the world of cryptocurrency, specifically Dogecoin.

Musk has been a big supporter of Dogecoin, even tweeting about it back in 2019 and mentioning that he owned some himself. This led to a massive surge in the price of Dogecoin, climbing an incredible 5,890% in the first few months of 2021.

Now, all eyes are on XRP, another cryptocurrency that has seen a significant increase in value, up over 400% since Election Day. With the CEO of Ripple Labs, the company behind XRP, getting ready to appear on CBS’ “60 Minutes,” many are wondering if XRP will have a Dogecoin-like moment.

XRP has had its fair share of legal challenges, with the SEC suing Ripple Labs over the alleged sale of XRP as an unregistered security back in 2013. However, a judge ruled in favor of Ripple, and the case is ongoing. News of a potential interview with the CEO sent the price of XRP soaring, with a nearly 39% increase between Nov. 27 and Dec. 1.

Despite the interview not airing on Dec. 1 as expected, XRP continued to climb, with over 93% growth by Dec. 3. This momentum could be attributed to the anticipation of the 60 Minutes episode, which is still expected to happen sometime soon.

Dogecoin is known to react positively to publicity, often spurred by Musk’s tweets. Similarly, a feature on 60 Minutes, which draws in a large viewership, could bring in new buyers and push XRP’s price to new highs.

While it’s uncertain how the market will react to the interview, many believe that XRP has more potential than Dogecoin due to its various use cases, particularly in cross-border payments. Additionally, the limited supply of XRP could make it a strong hedge against inflation, with the possibility of spot XRP exchange-traded funds in the future.

Investing in cryptocurrencies can be volatile, and it’s essential to only invest what you can afford to lose. The future of XRP remains uncertain, but with its recent growth and potential for further advancements, it could be an exciting time for investors.