Home Altcoins News Ripple Exec Hints at XRP ETF Approval in 2025 Amid Legal and Market Optimism

Ripple Exec Hints at XRP ETF Approval in 2025 Amid Legal and Market Optimism

XRP ETF approval

Ripple’s president, Monica Long, has drives optimism in the cryptocurrency community by stating that XRP exchange-traded funds (ETFs) could soon follow Bitcoin (BTC) and Ethereum (ETH) ETFs in gaining approval. Her comments, made during a recent Bloomberg interview, suggest that the regulatory environment might be turning favorable for XRP and other altcoins under the new U.S. administration.

Why XRP ETFs Could Gain Traction in 2025

Long highlighted that XRP ETFs might be “next in line” after the approval of BTC and ETH spot ETFs in the United States. She pointed out that major players, including Canary Capital, have already filed XRP ETF applications with the SEC. These applications could benefit from a streamlined review process as the SEC adjusts its stance on crypto regulations.

The Ripple president also mentioned the imminent expansion of the Ripple dollar (RLUSD) to top platforms like Coinbase, signaling broader adoption of Ripple-related assets in mainstream financial markets.

Legal Hurdles: The SEC and XRP’s Future

Despite the optimism surrounding an XRP ETF, its legal status remains a pivotal issue. In 2023, U.S. District Judge Analisa Torres ruled that XRP is not a security when traded on public exchanges but could be considered one when sold directly to institutional investors.

The SEC has expressed intentions to appeal this ruling, with a deadline set for January 15, 2025. If the SEC moves forward with the appeal, it could delay the regulatory clarity needed for XRP ETF approvals.

Jake Chervinsky, Chief Legal Officer at Variant Fund, noted that the upcoming Second Circuit appeal will address whether digital asset transactions on secondary markets fall under securities laws. A favorable ruling for XRP could bolster its legal standing and pave the way for ETF approval.

Market Sentiment and Predictions

Market participants are increasingly optimistic about the likelihood of an XRP ETF in 2025. Prediction platform Polymarket currently prices the chances of approval at over 70%. This sentiment reflects the broader expectation that altcoin ETFs will gain regulatory acceptance following the success of BTC and ETH ETFs.

On the price front, XRP has been consolidating within a triangle pattern, signaling potential volatility ahead. A breakout could propel XRP to a high of $3.40, while a downside move might push it to $1. The SEC’s decision on its appeal and the ETF approval process will likely influence these movements.

What’s Next for XRP and the Crypto Market?

The approval of an XRP ETF would mark a significant milestone for the cryptocurrency, further legitimizing its position in the financial markets. However, this hinges on favorable legal outcomes and regulatory clarity.

As the SEC’s January 15 deadline approaches, the crypto market is bracing for potential price swings. XRP’s trajectory in the coming weeks will depend on how the regulatory landscape evolves and whether the appeal impacts its legal standing.

For now, Ripple’s leadership and the broader crypto community remain optimistic about the prospects of XRP ETFs and the role they could play in shaping the future of digital assets.

Conclusion

Ripple’s Monica Long has reignited hope for XRP ETF approval in 2025, citing strong market momentum and shifting regulatory dynamics. While legal challenges remain, the potential for a landmark decision could open new doors for XRP and altcoin ETFs, reshaping the crypto landscape.

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Julie J

Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.

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