Ripple (XRP) Prepares to Join Bitcoin and Ethereum in the Spot ETF Race, President Monica Long Hints at Imminent Approval

Ripple President Monica Long has made waves in the cryptocurrency world with her confident predictions about the future of XRP and its role in the rapidly evolving market.

Ripple President Monica Long has predicted that XRP will be the next cryptocurrency to have a Spot ETF approved in the United States, following closely behind Bitcoin and Ethereum. In an interview with Bloomberg, Long expressed confidence that Ripple’s XRP token will soon join the ranks of mainstream financial assets.

Anticipation Builds for XRP’s Spot ETF Approval

Monica Long hinted at the possibility of a Spot XRP ETF being approved in the near future. For a long time, the U.S. Securities and Exchange Commission (SEC) has been at odds with Ripple over XRP's classification, with the regulatory body questioning whether the token should be designated as a security. However, with former SEC Chairman Gary Gensler stepping down and a new administration coming into power, the outlook for Ripple's growth and regulatory clarity is set for a major shift.

Highlighting the potential impact of the U.S. leadership change on XRP's ETF approval, Long said, "We think, especially with the administration change, the approvals of those filings will accelerate." This marks a crucial juncture for Ripple, as the company anticipates XRP's approval as the next major crypto-based ETF, following Bitcoin and Ethereum's successful launches in 2024.

XRP Emerges as a Top Contender for Next Crypto ETF

Over the years, there has been much speculation about which cryptocurrency will be next in line for an ETF, with Solana (SOL) initially being touted by many. However, as Ripple continues to make waves in its legal battle and market growth, XRP is now a strong candidate to be the next cryptocurrency to have an ETF approved in the U.S.

Long's comments indicate that Ripple is optimistic about XRP's future, and an ETF approval would be a monumental step in the cryptocurrency's development. XRP's integration into mainstream financial markets through an ETF could greatly enhance its adoption, bringing it to a broader network of institutional investors and retail traders.

Ripple's Expanding Footprint in 2025

In other news from Ripple, Long also highlighted the increasing demand for the company's new stablecoin, Ripple USD (RLUSD). The company is working to expand RLUSD's presence on more exchanges, with announcements to follow soon. Ripple's focus on RLUSD comes at a time when the stablecoin sector is seeing rapid growth, and Long believes that RLUSD will be a key part of the company's broader strategy for 2025.

As Ripple advances in its payments business and RLUSD gains traction, the company is positioning itself to lead the cryptocurrency space. According to Long, the company's payments business doubled last year, showcasing the vast potential for Ripple's solutions in the evolving digital financial landscape.

Setting the Stage for Ripple's Next Moves in 2025

As Ripple continues to expand its presence in the crypto industry, all eyes are on its next steps. The anticipated approval of a Spot XRP ETF could pave the way for a new era of growth for Ripple, as it joins the ranks of Bitcoin and Ethereum in mainstream financial markets. With new leadership, evolving regulations, and increasing adoption of its products, Ripple's future seems promising, and the company is poised to make 2025 a game-changing year.

Ripple's journey toward ETF approval is not just a victory for the company but could also be a defining moment for the entire cryptocurrency industry. As the market matures, Ripple's efforts to broaden its offerings, build regulatory clarity, and grow its stablecoin ecosystem may set the stage for even greater innovation and adoption in the coming years.