$XRP ETF Will Soon Be Approved, According to Ripple President
In an interview with Bloomberg on January 7, 2025, Ripple President Monica Long stated that the approval of the XRP ETF will occur soon following the success of the RLUSD stablecoin. She predicts that the XRP ETF could become the third crypto ETF product in the U.S., following BTC and ETH.
As of early 2025, four asset companies have submitted applications to register the XRP ETF. Currently, the price of XRP is 2.33 USD, with a market capitalization of over 133 billion USD, ranking third in the crypto market. Ripple is actively collaborating with exchanges to list RLUSD, a stablecoin pegged 1:1 to USD, which is available on several platforms and has a market cap of nearly 72 million USD.
Ripple is also partnering with Chainlink to integrate price data for RLUSD, supporting dApp development and reducing the risk of price manipulation.