An XRP (XRP-USD) exchange-traded fund (ETF) could soon become a reality as Ripple’s president, Monica Long, reveals expectations that U.S. regulations are finally moving in the right direction for crypto. Speaking in an exclusive Bloomberg interview, Long stated, “I think we will see one very soon… XRP is likely to be next in line after Bitcoin and Ether.” The news comes as Ripple’s new RLUSD stablecoin is also gaining traction and expanding its reach.
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RLUSD Stablecoin Gains Momentum as Ripple Expands
Ripple’s new RLUSD stablecoin, which launched in December, is gaining significant traction. The coin is expected to play a central role in Ripple’s broader payments and finance business. With a $72 million market cap, RLUSD is already making a huge impact across decentralized finance (DeFi) platforms. Ripple’s U.S. operations are also thriving, with the company signing more deals in the last six weeks of 2024 than in the previous six months, signaling a positive shift in the business climate.
XRP Soars as U.S. Policy Shifts
Since the election, XRP has surged more than 300%, outperforming all major cryptocurrencies. Ripple’s growing influence and the crypto-friendly environment under the new U.S. administration are fueling optimism.
At the time of writing, XRP is sitting at $2.3136.
