Last updated on April 16th, 2024 at 03:13 pm
Paris Blockchain Week (PBW) is a week-long event showcasing exhibitions, keynotes, workshops, and networking events in the heart of Paris. Ripple CEO, Brad Garlinghouse took this juncture in Europe’s Leading Blockchain Conference with his promising sentiments about the future of blockchain and digital assets. This has garnered traction from the XRP community after a 5% surge in price that led to a breach in its $0.60 resistance support level.
Garlinghouse discusses stablecoin plans and liquidity on XRPLedger
In a tweet from the CEO about discussions held at PBW, he shared the plan of Ripple launching a USD-pegged stablecoin, which would see more stability for the digital asset.
“It’s great to be back at Paris Block Week. I joined @xrpl_commons CEO David Bchiri on stage to discuss why Ripple plans to launch a USD stablecoin later this year, growing the XRPL community, and crypto regulation (of course!)!”
He also stated that a promising future for the stablecoin market is ensured with two-and-a-half or three trillion market capitalization prospects within the next four to five years.
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The Ripple executive also shared his view on the promising futuristic growth of Web3, fueled by events like the Paris Block Week. Also, he emphasized his 20 million+ influx of Web 3 developers, which would bring excitement to the crypto realm.
“It’s not about the 100,000 developers already working on Web3. The 20+ million developers have yet to work on Web 3. That’s truly exciting. This industry is not going away. It’s events like Paris Blockchain Week that keep growing for this reason.”
Also to note was Binance’s new CEO, Richard Teng, who shared their recent compliance with the SEC after settling a hefty $4.3 billion fine.
Highlights of the first day were the hackathon frenzy that drew in 250+ developers, fueled by the Solana and XRP Ledger chains. Product launches dormant with WhiteBIT, standing out as a cryptocurrency exchange utilizing a Crypto-as-a-Service service.
Beyond the cash prizes, the hackathon platform gave the winners a chance to catapult their talent into the spotlight.
Technical analysis: XRP flips $0.60 resistance
As of today’s analysis, XRP stands at a current price of $0.6156, with a bullish wave in its vicinity after a 7.35% surge in the weekly chart. A 1.53% surge in the daily time frame shows a bullish sentiment that could see all-time highs of $3.84 seen in 2018.
Maina Lewis
I'm a crypto enthusiast with a passion for breaking down complex blockchain concepts into clear, engaging content. Fueled by curiosity, I'm constantly researching the latest crypto trends and developments to keep readers informed and excited about the ever-evolving digital landscape. Whether you're a seasoned crypto investor or just starting your journey, I aim to empower you with the knowledge to navigate this dynamic frontier.