In a bold statement to CNBC, Ripple CEO Brad Garlinghouse expressed optimism regarding the cryptocurrency market, predicting it will achieve new all-time highs within this year. According to Garlinghouse, the driving forces behind this potential surge are favorable regulatory changes and growing institutional adoption.
Garlinghouse noted that despite recent fluctuations, including Bitcoin dipping below the $90,000 threshold, he remains confident in the market”s upward trajectory. He went so far as to predict that Bitcoin could reach a new all-time high by 2026, emphasizing that the current market conditions do not reflect the true potential of cryptocurrencies.
The Ripple chief underscored the notion that institutional interest in cryptocurrencies is still not fully reflected in current market valuations. He also expressed his belief that the Clarity Act, which aims to provide regulatory clarity for digital assets, will eventually be enacted.
As for XRP, the cryptocurrency began 2026 trading in the range of $1.85 to $1.90. It experienced a notable breakout early in January, peaking at approximately $2.40 by January 6. However, this 25% rise was temporary, leading to a correction phase that saw XRP return to its yearly open of about $1.85 by January 20.
While Garlinghouse refrained from specifying a target price for XRP, it”s worth noting that financial institution Standard Chartered previously suggested that XRP could soar to $8 by 2026, with a potential reach of $12.50 by 2028.
