XRP Leads Crypto Comeback With Rally Toward 2017 Highs As Brad Garlinghouse Calls for Federal Altcoin Reserves

By Daily Hodl Staff

Ripple’s XRP is mounting a comeback after a broad market selloff following the release of DeepSeek, a low-cost Chinese artificial intelligence model.

XRP plummeted from a Sunday high of $3.14 to a Monday low of $2.75 as tech stocks and crypto collapsed amid fears about the implications of DeepSeek.

However, XRP is now attempting a recovery.

The third-largest crypto asset by market cap is trading for $3.19 at time of writing, just 6.5% below its all-time high of $3.40, which it hit on January 7th, 2018.

The payment token’s surge comes as Ripple chief executive Brad Garlinghouse calls for a federal crypto reserve to include altcoins like XRP, rather than exclusively holding Bitcoin.

“Some thoughts on [Bitcoin] maximalism.

Let me say this as clearly as I can: the crypto industry has a real shot, here and now, to achieve the many goals we have in common – if we work together instead of tearing each other down. This is not, and never will be, a zero-sum game.

I own XRP, BTC, and ETH among a handful of others. We live in a multi-chain world, and I’ve advocated for a level-playing field, instead of one token versus another.
If a government digital asset reserve is created, I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else).
Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking.”

On Tuesday, Ondo Finance (ONDO), decentralized finance (DeFi) protocol that aims to tokenize real-world assets (RWAs), said it will soon launch its Short-Term US Government Treasuries (OUSG) fund on the XRP Ledger.

“We are bringing OUSG to the XRP Ledger with Ripple. OUSG, an institutional-grade product backed by tokenized US Treasuries and BlackRock’s BUIDL fund, represents a natural fit for a blockchain purpose-built for institutional adoption.”

ONDO is trading for $1.42 at time of writing, up 9.6% in the last 24 hours.

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