As the crypto market steadily progresses towards the highly anticipated bull market, Brad Garlinghouse, the Chief Executive Officer (CEO) of Ripple has revealed that the success of cryptocurrencies such as XRP during the market’s present bullish cycle hinges on their real-world applications and utility.

Ripple CEO Reveals Strategy For XRP Success
On Monday, March 11, Garlinghouse took to X (formerly Twitter) to outline XRP’s winning strategy to success. Highlighting the significant developments within the crypto landscape that have triggered the upcoming 2024 bull run, Garlinghouse disclosed the importance of utility in driving a cryptocurrency’s progress.

The Ripple CEO revealed that the soaring volumes of the Spot Bitcoin Exchange Traded Funds (ETFs) and the anticipation of the Bitcoin halving event have contributed to the emergence of a bullish cycle in 2024. He also underscored the crucial relationship between Bitcoin’s performance and the broader market, citing a consistent historical correlation where fluctuations in Bitcoin’s price have significantly impacted the performance of other cryptocurrencies in the space.

According to Garlinghouse, a cryptocurrency’s success will not only be attributed to the market’s bullish events but primarily to tangible real-world utility. He emphasized that a cryptocurrency’s true march of progress can only be achieved by its ability to translate market enthusiasm into practical applications.