Ripple President Suggests XRP ETF Could Be Imminent, With RLUSD Gaining Popularity.

Ripple President Monica Long recently discussed the potential for an XRP exchange-traded fund (ETF), suggesting that its approval could be imminent thanks to favorable shifts in U.S. crypto regulations. In an interview with Bloomberg on Tuesday, Long expressed confidence that the U.S. regulatory environment, particularly under the new administration, could speed up the process for XRP ETF approvals.

“We believe that an XRP ETF will likely be one of the next crypto ETFs to hit the market,” Long said. “With the changes in leadership, we expect the approval of crypto spot ETFs, including XRP, to accelerate in the near future. We anticipate seeing more of these ETFs come out this year, with XRP following Bitcoin and Ethereum.”

Long also emphasized the role that the new administration’s approach to cryptocurrency regulation will play in encouraging the approval of such products. Ripple’s president highlighted the company’s growing business prospects, citing Ripple’s recent stablecoin RLUSD, which launched on the Ethereum and XRP Ledger in December. Long noted that RLUSD has already reached a market capitalization of $72 million and will soon be listed on more exchanges, further integrating Ripple into the payments and financial services sector.

RLUSD’s recent partnership with Chainlink was also mentioned, as the integration aims to enhance the stablecoin’s utility within decentralized finance (DeFi) ecosystems.

Ripple’s positive outlook is reflected in the company’s growth, with Long reporting a surge in U.S. deals signed in the final six weeks of 2024, surpassing the number of agreements made in the previous six months. This trend aligns with broader expectations that a more crypto-friendly regulatory environment under President Trump could benefit Ripple and other U.S.-based crypto businesses.

XRP has surged more than 300% since Trump’s victory, outperforming many other major cryptocurrencies, partly fueled by optimism surrounding the potential regulatory changes and a more favorable market environment in the U.S.