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Home News Crypto

Ripple President Forecasts Imminent XRP ETF Approval Amid Trump-Era Optimism

by Team Lumida
January 8, 2025
in Crypto
Reading Time: 3 mins read
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Photo by Shubham Dhage on Unsplash

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Key Takeaways:

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• XRP expected to be next in line for ETF approval after Bitcoin and Ethereum
• Ripple reports surge in US deals post-election
• XRP price up 300% since Trump’s victory
• Multiple firms including Bitwise, WisdomTree filed for XRP ETFs

What Happened?

Ripple President Monica Long has indicated strong prospects for an XRP ETF approval in the near future, citing an anticipated acceleration in regulatory approvals under the new administration. The company has experienced significant business growth, signing more US deals in the last six weeks of 2024 than in the previous six months. Meanwhile, their RLUSD stablecoin, launched in December, has reached a $72 million market cap and is expanding its presence across exchanges.

Why It Matters?

This development signals a potential shift in the US crypto regulatory landscape. The prospect of an XRP ETF, following Bitcoin and Ethereum products, could significantly expand institutional access to the digital asset. The surge in XRP’s price and Ripple’s business growth reflects market confidence in US-based crypto companies under the new administration. The success of RLUSD stablecoin and integration with Chainlink demonstrates Ripple’s expanding ecosystem beyond its core XRP business.

What’s Next?

Investors should monitor the SEC’s response to multiple XRP ETF applications from major firms including Bitwise, WisdomTree, and 21Shares. The immediate expansion of RLUSD across more exchanges and its adoption in DeFi protocols will be crucial indicators of Ripple’s diversification success. The market will closely watch how the new administration’s crypto policies materialize and their impact on US-based crypto companies. The performance of XRP relative to other cryptocurrencies could provide insights into market sentiment toward US-centric crypto assets.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018