Brad Garlinghouse, CEO of Ripple, has proposed the creation of a multi-asset US crypto reserve to represent the broader cryptocurrency industry. This suggestion comes in response to claims that he was lobbying against a Bitcoin-only strategic reserve. Ripple also announced a partnership with Ondo Finance to launch OUSG on the XRP Ledger. Meanwhile, XRP tested bullish pennant resistance, signaling potential gains above $4. Garlinghouse emphasized the importance of diversification and dismissed accusations that his stance aimed to undermine Bitcoin. He highlighted the need for a level playing field in the crypto space, advocating for a more inclusive approach to digital asset reserves.

The Case for a Multi-Asset Crypto Reserve

Garlinghouse's proposal for a diversified US crypto reserve reflects his belief that the industry should move beyond single-token dominance. By incorporating multiple assets, including XRP, the reserve would better represent the evolving landscape of cryptocurrencies. The CEO stressed that maximalism hinders progress and that a balanced approach is essential for the future of digital finance. This perspective challenges the traditional Bitcoin-first mindset and promotes a more inclusive strategy for government-held reserves.

In a recent post, Garlinghouse clarified his stance on the debate surrounding crypto reserves. He argued that a multi-asset reserve would provide greater stability and flexibility, aligning with the multichain world we live in today. Critics, such as Pierre Rochard, have accused Garlinghouse of pushing an agenda that favors XRP over Bitcoin. However, Garlinghouse firmly believes that any government reserve should reflect the diversity of the crypto market. He noted that discussions with former President Trump about XRP’s inclusion were part of broader talks on digital asset policy. By advocating for a diversified reserve, Garlinghouse aims to foster innovation and reduce reliance on a single cryptocurrency.

XRP Market Dynamics and Future Outlook

XRP's recent performance has caught the attention of traders and investors alike. The cryptocurrency tested bullish pennant resistance, hinting at a potential rally above $4. Technical indicators suggest that if XRP breaks above this resistance, it could reach new highs. The market remains cautious, but the momentum appears positive. With futures liquidations totaling $8.89 million in the past 24 hours, XRP's volatility underscores its significance in the crypto ecosystem.

On Tuesday, XRP reclaimed the $2.90 support level, signaling a possible breakout. If the price sustains above this level, it could challenge its seven-year high resistance at $3.55. A successful breach could propel XRP towards a target of $4.23, based on the height of the bullish flag pattern. Conversely, a drop below $2.90 could lead to a decline to $2.62. Indicators like the RSI and Stochastic Oscillator indicate strong bullish momentum, although the MACD histograms suggest weakening bullish strength. Investors are closely monitoring daily candlestick patterns to validate the upward trend. As XRP continues to test these levels, the market watches with anticipation for what may lie ahead.