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

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• Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking.”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 ), a 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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