Ripple’s Ambitious Vision for XRP
In an insightful interview with Bloomberg Markets, Ripple CEO Brad Garlinghouse expressed his optimism regarding XRP’s potential inclusion in the U.S. government’s proposed digital asset stockpile. He anticipates that an XRP exchange-traded fund (ETF) could be launched before the end of 2025.
Garlinghouse’s confidence stems from the recent resolution of Ripple’s protracted legal battle with the U.S. Securities and Exchange Commission (SEC), which concluded when the SEC decided to drop its case against the company.
XRP’s Role in the White House’s Digital Asset Strategy
During the interview, Garlinghouse highlighted a significant development: “XRP was named by the President of Truth Social. He mentioned plans for a bitcoin strategic reserve and a crypto stockpile that will include assets like XRP,” referring to the initiative that was formally established by an executive order from President Donald Trump in early March.
Looking ahead, Garlinghouse expects a surge in XRP ETF approvals in the latter half of 2025. He pointed out that there are currently over ten applications with the SEC from various firms, including notable names like Bitwise and Franklin Templeton, all vying for approval.
Confidence in XRP ETFs and Future IPO Plans
“I have immense confidence in the ETFs,” Garlinghouse stated, emphasizing the success of XRP exchange-traded products (ETPs) outside the U.S. This reflects a growing acceptance and demand for such financial instruments in global markets.
Moreover, the prospect of a Ripple Labs initial public offering (IPO) is also on the table. Garlinghouse remarked, “Something is possible; it isn’t a huge priority,” indicating that while it is not a pressing focus, the idea remains viable.
XRP’s Market Performance
In the wake of these developments, XRP has seen a significant uptick, climbing over 11% to reach more than $2.51 within the last 24 hours. This surge has positioned XRP as the third-largest cryptocurrency by market capitalization, surpassing USDT, with only bitcoin and ether (ETH) ahead in the rankings as of Thursday morning in Asia.
In summary, Ripple’s CEO is not only optimistic about XRP’s future in the U.S. strategic reserve but also sees promising developments in the ETF landscape, alongside the potential of a Ripple IPO. The market’s positive response to these developments further solidifies XRP’s standing in the cryptocurrency ecosystem.
