Ripple President Predicts Imminent Approval for XRP ETF

Ripple's President, Monica Long, has expressed optimism regarding the approval of a spot XRP exchange-traded fund (ETF) in the United States, predicting its approval could happen very soon.

Long also highlighted the growing prospects for Ripple’s RLUSD stablecoin, which she believes will gain significant traction in the months ahead.

RLUSD, launched in December on both Ethereum and the XRP Ledger, has already been listed on several platforms, including Bitso, MoonPay, and CoinMina. Ripple is actively working on expanding its presence, with more listings on the horizon. Long emphasized that the company is pushing for increased distribution and availability, with more announcements expected imminently. She noted the increasing importance of stablecoins in the broader crypto market, calling them essential for bridging traditional and digital financial systems.

Ripple’s RLUSD has seen promising growth, reaching a market cap of $53 million and further enhanced by Ripple’s integration of Chainlink’s services for improved DeFi use. This, according to Long, is just the beginning of what is expected to be a large-scale adoption of the stablecoin as the demand for stablecoins in trading and payments continues to rise.

Turning to the XRP ETF, Long suggested that XRP is likely to be the next cryptocurrency to receive a spot ETF approval, following Bitcoin and Ethereum. Several asset managers have already submitted applications for an XRP ETF, and Long believes that with the recent regulatory shift, these filings will likely receive faster approval. Ripple’s payments business, which saw a significant boost last year, continues to attract institutional interest, further solidifying its position in the expanding crypto market.

In addition to these developments, Long pointed to Ripple’s strong finish to 2024, securing more U.S. deals in the final weeks of the year than in the previous six months combined. As the crypto regulatory landscape evolves, Ripple is positioned to benefit from the growing demand for blockchain-based solutions.