Garlinghouse Slams Central Bank's Slow Gold Transfer: Is XRP Next?

Ripple CEO Brad Garlinghouse criticized the Central Bank of the Netherlands for taking six months to move $11 billion in gold from U.S. and Canadian vaults to London.

In a Twitter post, Garlinghouse compared this to Germany's four-year gold repatriation saga from 2013, noting that little has changed since the 1940s.

Giving the example of how gold was sold in New York and repurchased in London without ever leaving the ground, Garlinghouse highlighted the inefficiencies of traditional finance. He also pointed to the growth of the crypto market from $1.5 billion to $2.7 trillion in the same time period.

XRP has been defending support at around $1.40 and is now eyeing resistance at $1.68-$1.72, with some analysts suggesting that a break above this level could open up targets of $1.90-$2.00.