XRP ETF: Ripple Prez Says It Could Spark the Next Big U.S. Crypto Boom
In a recent Bloomberg interview Ripple President Monica Long sent shockwaves through the crypto community when she said an XRP ETF could be the next big thing in the US.
With the US regulatory environment looking good and a crypto friendly administration potentially on the horizon the approval process for an XRP ETF could speed up.
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Long said after Bitcoin and Ether XRP will be the next spot ETF in the US “I think we will see more spot ETFs this year out of the US and I think XRP will be next” Crypto investors are excited as XRP continues to gain momentum with adoption and clarity.
What Makes XRP ETF a Potential Game-Changer?
Bitcoin and Ether ETFs were a game changer for the crypto market, giving traditional investors a regulated and secure way to get into digital assets. If an XRP ETF was approved it would open up institutional investment in XRP on a large scale and get XRP into the mainstream markets. An XRP ETF would be a big deal for Ripple and its growing community of investors and partners.
Long also mentioned the changing political landscape and that the new administration could speed up approvals of crypto related filings. This would give investors more confidence and grow the space faster.
Ripple’s Expanding Role in Crypto and Finance
XRP ETFs are still in the filing process but Ripple is already active in other parts of the crypto space. The company just launched its RLUSD stablecoin which is now regulated by the New York Department of Financial Services (NYDFS). With RLUSD being fully compliant with financial regulations it will be a key part of Ripple’s future of money and payments.
Ripple is also making RLUSD more useful by integrating it with the Chainlink standard so it can interact seamlessly with DeFi protocols. This opens up more use cases for RLUSD and makes it an asset for financial institutions and blockchain projects.
XRP Price Prediction
XRP/USD is currently trading near $2.3450, down 0.09%, as the pair consolidates within a symmetrical triangle on the 2-hour chart. Key resistance is seen at $2.3535 (50 EMA), followed by $2.5093, indicating potential bullish breakout zones.
On the downside, immediate support lies at $2.2359, with deeper levels at $2.1120, suggesting areas for bearish continuation. The symmetrical triangle pattern signals indecision, with a breakout above $2.3535 likely driving momentum toward $2.5093.
Conversely, a sustained break below $2.2359 could trigger further declines.
Key XRP ETF Developments to Watch:
- Ripple President Monica Long predicts an XRP ETF is coming soon.
- XRP ETFs have already been filed by firms such as Bitwise and WisdomTree.
- The crypto-friendly U.S. administration could accelerate approvals.
While the approval of an XRP ETF has not yet been finalized, the growing interest from asset management firms and the evolving regulatory landscape indicate that it could soon become a reality.
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