CEO of Ripple Brad Garlinghouse to join the TROMP CRYPTO advisory council | Flash news details

On February 9, 2025, an important announcement was issued regarding the role of the CEO of Ripple Brad Garlinghouse in the Trams Consultation Council in Trump, and Wallstreeetbulls reported on X (previously Twitter) [Source: @w_thejazz, February 9, 2025]. These news sparked immediate reactions across the cryptocurrency market, as XRP witnessed a noticeable increase in price and trading volume. At 10:00 AM EST on February 9, the XRP price increased from $ 0.75 to $ 0.83 during the first hour of the announcement, which represents an increase of 10.67 % [Source: CoinGecko, February 9, 2025]. XRP trading volume on the main stock exchanges such as Binance and Coinbase has a significant increase, as Binance was a volume of 1.2 billion circulated during the same hour, an increase of 800 million XRP [Source: Binance, February 9, 2025]. This event is seen as a great victory for XRP and perhaps in the broader encryption market, which indicates an increase in institutional acceptance and organizational clarity [Source: CryptoSlate, February 9, 2025].

Trading effects to appoint Brad Garlinghyus to the Trams Consultative Council. The high prices of XRP reflect the positive feelings of the market towards increasing organizational participation and potential policies conducive to encrypted currencies. On the same day, the XRP/BTC trading pair on Binance showed a 12 % increase in value, as it reached 0.000021 BTC per XRP by 11:00 AM EST. [Source: Binance, February 9, 2025]. In addition, the XRP/ETH pair on Coinbase increased by 10 %, reaching 0.0034 ETH per XRP [Source: Coinbase, February 9, 2025]. The total market value of encrypted currencies has witnessed a 3 % increase, with Bitcoin and Ethereum also gains 2 % and 1.5 %, respectively, indicating an impact on the wider market [Source: CoinMarketCap, February 9, 2025]. Increasing trading volume and price movements indicate an increase in interest and the possibility of increasing growth in the encryption market, especially for XRP [Source: TradingView, February 9, 2025].

Technical indicators and sized data show the market response to this news. At 12:00 pm EST, the Relative Power Index for XRP (RSI) increased from 60 to 72, indicating a strong upward momentum [Source: TradingView, February 9, 2025]. The difference in moving average rapprochement (MACD) showed a bullish intersection, with the MACD line crossing over the signal line, which enhances the positive direction [Source: TradingView, February 9, 2025]. The scales on the series also revealed a significant increase in active headlines, with a rise of 25 % to 250,000 active titles compared to the average of the previous day of 200,000 [Source: Glassnode, February 9, 2025]. The volume of the transaction on Professor XRP book increased by 30 %, reaching 1.5 million transactions during the first few hours of the ad. [Source: XRP Ledger Explorer, February 9, 2025]. These scales indicate a strong response in the market and the possibility of continuous growth in and its circulation.

Regarding AI’s news, there was no direct impact on AI’s symbols after this announcement. However, the broader market morale that is affected by organizational developments can indirectly affect the prosecution cryptocurrency. For example, distinctive symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) have seen simple increases by 1 % and 0.5 %, respectively, reflecting the mood of the general positive market [Source: CoinGecko, February 9, 2025]. This relationship between XRP and Takens AI indicates that organizational developments in the encryption space can enhance confidence in the entire market, including AI’s assets. This may provide chances of trading in Crompto Crossover, especially if more organizational clarity or positive policy ads are made. In addition, trading platforms driven by artificial intelligence may face increasing activity as traders are looking to benefit from these market movements. [Source: CryptoQuant, February 9, 2025].