{"id":146364,"date":"2025-01-09T16:00:56","date_gmt":"2025-01-09T14:00:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146364"},"modified":"2025-01-09T12:38:10","modified_gmt":"2025-01-09T10:38:10","slug":"ripple-president-predicts-imminent-approval-for-xrp-etf","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-president-predicts-imminent-approval-for-xrp-etf\/","title":{"rendered":"Ripple President Predicts Imminent Approval for XRP ETF"},"content":{"rendered":"<p>Long also <strong><a href=\"https:\/\/x.com\/crypto\/status\/1876749055566532886\" rel=\"nofollow\">highlighted<\/a> <\/strong>the growing prospects for Ripple\u2019s RLUSD stablecoin, which she believes will gain significant traction in the months ahead.<\/p>\n<p>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.<\/p>\n<p>Ripple\u2019s RLUSD has seen promising growth, reaching a market cap of $53 million and further enhanced by Ripple\u2019s integration of Chainlink\u2019s 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.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-146308\" href=\"https:\/\/cryptodnes.bg\/en\/whale-spends-18-57-million-on-solana-based-memecoins-amid-market-decline\/\" title=\"Whale Spends $18.57 Million on Solana-Based Memecoins Amid Market Decline\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/whale-gty-jt-191219_hpMain_16x9_1600-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Whale Spends $18.57 Million on Solana-Based Memecoins Amid Market Decline<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Turning to the XRP ETF, Long suggested that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>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\u2019s payments business, which saw a significant boost last year, continues to attract institutional interest, further solidifying its position in the expanding crypto market.<\/p>\n<p>In addition to these developments, Long pointed to Ripple\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple&#8217;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.<\/p>\n","protected":false},"author":3,"featured_media":33406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,246,424,294,271,71,223],"coin_category":[],"class_list":["post-146364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-chainlink","tag-crypto","tag-etf","tag-ethereum","tag-stablecoin","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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