Ripple CEO Highlights XRP’s Massive 117% Price Spike Amid Institutional Momentum  

• XRP trading volume increased tenfold in Q4, driven by institutional investors rather than retail activity.  
• Ripple-affiliated XRP recorded a staggering 117% price surge, reaching $2.80 before stabilizing at $2.63.  
• Ripple Payments aims to resolve banking challenges with innovative solutions like transparent trackers and reduced transaction costs.  

Ripple-affiliated cryptocurrency XRP has seen a significant surge in its price and trading activity, according to Ripple CEO Brad Garlinghouse. In a report on X, formerly Twitter, Garlinghouse amplified a statement from Austin Reid of crypto brokerage FalconX. Reid noted a tenfold increase in trading volume for XRP between the first and second halves of Q4. He attributed this growth primarily to institutional investors driving momentum, rather than the expected retail activity. 

Institutional Investors Fuel Momentum  

This surge in institutional interest aligns with XRP’s market performance over the past week, where it recorded an unprecedented price jump of 117%. XRP climbed from $1.30 to a high of $2.80 before experiencing a brief 24% dip. However, the cryptocurrency quickly regained its position and currently trades at $2.63. XRP added $100 billion to its market capitalization in just one month, securing its place as the third-largest cryptocurrency by market value.  

Ripple’s Solutions Address Banking Challenges  

Ripple continues to tackle inefficiencies in traditional banking through its payment solutions. A recent tweet from Ripple outlined six critical issues faced by banks in cross-border transactions. These include high transfer costs, hidden fees, slow settlement, limited service access, reliability concerns, compliance challenges, and liquidity constraints.  

Ripple Payments provides innovative tools to address these challenges. Solutions such as a transparent payment tracker offer real-time visibility of transactions, even during weekends. Additionally, Ripple’s global payment network ensures cost-effective and seamless operations, eliminating hidden charges. Compliance and risk management are also streamlined, bolstering reliability and security.  

This continued emphasis on solving systemic banking problems highlights Ripple’s strategy to expand XRP’s use cases. As institutions increasingly adopt XRP for transactions, the cryptocurrency’s future trajectory remains optimistic. Garlinghouse’s acknowledgment of this institutional momentum underscores the growing relevance of Ripple in global finance.