XRP News Today! Ripple CEO's Tattoo, Legal Milestones, and the Bold XRP $20,000 Prediction

Ripple CEO Brad Garlinghouse has once again made headlines, not just for Ripple’s legal victories, but for his symbolic and deeply personal show of support for XRP.

In a recent post on X, Garlinghouse reaffirmed he is “1,000% committed” to XRP’s future, a sentiment he literally wears on his sleeve.

A Tattoo with a Message

Garlinghouse, a Harvard MBA and former Yahoo executive, proudly sports a tattoo that references the landmark summary judgment date, July 13, 2023, when Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP did not constitute securities.

The tattoo also features planetary motifs, signifying his belief in XRP’s future on a cosmic scale.

Digital Asset Buy, a known XRP influencer, praised Garlinghouse’s decision to get tattooed past age 50, stating it symbolizes deep conviction: “When someone with a Harvard MBA gets a tattoo after 50, they have thought it through.”

However, crypto tattoos haven’t always aged well. Mike Novogratz of Galaxy Digital showcased a Luna tattoo shortly before the token's catastrophic collapse.

His firm later paid $200 million in penalties related to that very debacle, a stark reminder that market sentiment can turn quickly.

Ripple’s Legal Momentum: The Cross-Appeal Withdrawal

Adding to bullish sentiment, Ripple has officially dropped its cross-appeal in the case against the U.S. SEC.

Investors interpreted the move as strategic, especially as the SEC is now expected to withdraw its own appeal, potentially closing the book on a legal battle that began in December 2020.

Ripple’s decision came shortly after Judge Torres rejected the joint request for an indicative ruling on settlement terms.

Despite this, analysts like Fred Rispoli and Bill Morgan suggest Ripple is well-prepared and that institutional XRP sales through On-Demand Liquidity (ODL) may still be compliant with regulatory expectations.

Pro-crypto lawyer James Murphy noted that the SEC and Ripple do not require court approval to dismiss their appeals. If both parties proceed quickly, the resolution could pave the way for the long-awaited XRP-spot ETF, with October as the final approval deadline.

XRP Price Outlook: Key Technicals and Catalysts

XRP price trade at $2.1837 on June 29, outperforming the broader market. Though still below its 50-day EMA, it remains above the 200-day EMA, signaling a bullish long-term bias despite short-term uncertainty.

Key resistance lies at $2.6553 (May 12 high). A breakthrough could see XRP climb toward $3, and possibly its 2025 peak of $3.3999. Failure to maintain momentum, however, may trigger a dip below $2 and test support at $1.9299.

Technical Indicators:

1. 14-day RSI: 50.26 (neutral, room to rise)

2. 200-day EMA: Acts as key support

3. 50-day EMA: Short-term resistance threshold

XRP’s Future: Could It Really Hit $20,000?

Among the more explosive narratives floating around is a renewed forecast that XRP could someday hit $20,000. First introduced in 2022 by game developer Chad Steingraber, the theory hinges on the rise of tokenized assets, bank adoption, and a supply squeeze.

1. Rise of Tokenized Assets

Steingraber envisions widespread issuance of stablecoins and CBDCs on the XRP Ledger. If hundreds of new tokens adopt XRP for settlement, daily demand could skyrocket.

2. Banks Using XRP as a Reserve Asset

According to the theory, major financial institutions could stockpile XRP as a backing asset in private ledgers, removing significant supply from circulation and triggering a demand shock.

3. Institutional Supply Absorption

Only ~20 billion XRP are in public hands after accounting for locked, burned, or lost tokens. If institutions absorb most of that, circulation could shrink to under 100 million, laying the groundwork for exponential price gains.

Yet, there are hurdles. The SEC’s case, though seemingly winding down, still casts a shadow. Ethereum and Solana remain dominant players in the tokenization space. XRP must prove superior in scalability, cost-efficiency, or regulatory clarity to gain traction.

A High-Risk, High-Reward Scenario

The $20,000 target hinges on multiple “ifs”:

1. Explosive tokenization on XRPL

2. Major banks holding XRP as reserves

3. Real-world supply constraint

Failing any of these would dramatically scale back expectations. Still, the conversation itself underscores growing institutional interest in XRP and how regulatory clarity could be a game changer.

Conclusion

Ripple's dropping of its cross-appeal, Garlinghouse’s personal branding, and the buzz around XRP’s role in tokenized finance reflect a maturing narrative.

While forecasts of XRP hitting five-figure territory are speculative, they represent growing confidence in its underlying infrastructure and legal positioning.

As Ripple edges closer to regulatory closure and eyes ETF approval, XRP remains one of the most closely watched digital assets in the market.

Stay ahead of the curve. Follow the latest updates on XRP, Ripple’s legal journey, and ETF progress by visiting the Bitrue Blog. The crypto landscape evolves quickly, don’t miss your next big opportunity.