XRP News Today: Ripple CEO Promotes XRP as Greener, Faster Alternative to Bitcoin

Ripple CEO Brad Garlinghouse recently highlighted the advantages of XRP over Bitcoin, particularly in terms of energy efficiency and transaction speed. In a video shared by Crypto Crusaders’ Levi Rietveld, Garlinghouse criticized Bitcoin’s energy consumption, noting that it now accounts for approximately one percent of global energy usage. He described this as a “holy shit moment” and emphasized the need for more sustainable alternatives in the crypto space [1]. The XRP Ledger, according to Garlinghouse, was designed with environmental sustainability in mind, using a consensus mechanism that does not require energy-intensive mining [1].

Garlinghouse explained that Bitcoin’s proof-of-work model inherently demands increasing energy as it approaches its 21 million coin limit. In contrast, the XRP Ledger’s consensus mechanism allows for real-time transactions with minimal energy use, making it a more scalable solution for global payments [1]. Rietveld’s post sought to draw attention to XRP’s position in the ongoing debate over cryptocurrency sustainability, reinforcing the narrative that XRP offers a greener alternative to traditional proof-of-work systems [1].

The recent legal victory over the U.S. Securities and Exchange Commission (SEC) has been a turning point for Ripple. Following the ruling on August 5, XRP surged by 10.68% as institutional confidence in the token appeared to grow [3]. Ripple has also taken strategic steps to expand its infrastructure, including the $200 million acquisition of the Rail platform to enhance its stablecoin and compliance capabilities [4]. This move is part of a broader strategy to build institutional-grade financial services and secure regulatory clarity [4].

Market analysts have taken note of Ripple’s momentum. One analyst predicted that XRP could reach $7 if Ripple continues to execute its strategic initiatives, including securing banking licenses and expanding its infrastructure [5]. Despite this optimism, XRP has faced short-term volatility, including a large whale dumping $1.9 billion worth of the token shortly after the legal win. However, the price has maintained support levels around $3, suggesting that the long-term fundamentals remain intact [6].

The growing adoption of XRP is also attracting interest from potential corporate users. Analysts have speculated that companies like Tesla, which seek cost-effective and fast international payment solutions, may be considering XRP as part of their financial strategy [7]. XRP’s low cost and speed make it an attractive option for businesses seeking to streamline global transactions [1].

While Bitcoin remains the dominant cryptocurrency by market capitalization, XRP is carving out a distinct niche with its focus on real-time cross-border payments and institutional infrastructure [1]. Garlinghouse’s recent remarks underscore Ripple’s ongoing efforts to position XRP and the XRP Ledger as sustainable and forward-looking components of the digital asset ecosystem.

---

[1] Ripple CEO Highlights XRP's Advantage Over Bitcoin (https://timestabloid.com/ripple-ceo-highlights-xrps-advantage-over-bitcoin/)

[3] Ripple vs SEC Legal Battle Ends, XRP Price Surges 10.68% (https://www.ainvest.com/news/ripple-sec-legal-battle-ends-xrp-price-surges-10-68-2508/)

[4] Ripple Acquires Rail for $200 Million to Expand Stablecoin Infrastructure (https://www.ainvest.com/news/ripple-acquires-rail-200-million-expand-stablecoin-infrastructure-2508/)

[5] Analyst Predicts XRP Price to Reach $7 Amid Ripple's Growing Plans (https://coincentral.com/analyst-predicts-xrp-price-to-reach-7-amid-ripples-growing-plans/)

[6] XRP Price Today: Whales Dump $1.9B After Ripple's Legal Win (https://m.economictimes.com/news/international/us/xrp-price-today-whales-dump-1-9b-after-ripples-legal-win-short-term-test-or-medium-term-breakout-ahead/articleshow/123176340.cms)

[7] Ripple Rallies: Could Tesla Be the Next Big Buyer? (https://crypto-economy.com/ripple-rallies-could-tesla-be-the-next-big-buyer/)