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Brad Garlinghouse’s XRP Tattoo Party Celebrates Ripple’s Success, But No Major Announcements


Brad Garlinghouse, CEO of Ripple, hosted a party in New York City on September 29, 2023 to celebrate his new tattoo of the Ripple XRP logo. The party was a celebratory event, but no significant announcements related to XRP were made.

Despite the lack of major announcements, the party was seen as a positive sign for Ripple and the XRP community. It showed that Garlinghouse is committed to the project and is confident in its long-term success.

In addition to the party, there were a few other positive developments for Ripple and XRP this week. First, Ripple’s alliance with SBI appears to be expanding. SBI is a major Japanese financial institution, and its adoption of Ripple technology could help to accelerate XRP adoption in Japan.

Second, XRP’s on-chain data showed 4.8 million total addresses, 1.246 million transactions in the last 24 hours, and low transaction costs. This suggests that XRP is a popular and active cryptocurrency, and that its transaction fees are still relatively low.

However, there were also a few negative developments for XRP this week. First, liquidations in the last 24 hours amounted to $5.1 million, with Huobi and BitMEX showing anomalies in liquidation percentages. This suggests that there is some selling pressure on XRP, and that traders are liquidating their positions.

Second, the XRP chart analysis suggests potential downside with key support levels at 51.9 cents and 46.89 cents. The weekly close will be crucial for determining the market’s direction.

Overall, this was a mixed week for Ripple and XRP. There were some positive developments, such as the expanding alliance with SBI and the positive on-chain data. However, there were also some negative developments, such as the liquidations and the bearish chart analysis.

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