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Ripple's leadership, including CEO Brad Garlinghouse, met with Donald Trump at Mar-a-Lago, marking a promising start to 2025 amid a favorable shift in the cryptocurrency landscape. Following a legal victory against the SEC, Ripple is refocusing on U.S. growth, with 75% of new positions based domestically. The meeting aligns with broader political discussions on cryptocurrency regulation, as XRP shows strong market performance and potential for significant price gains.
Ripple's stablecoin, RLUSD, launched in mid-December, has gained traction among major exchanges, with Bitstamp recently adding it to its platform. Pegged 1:1 to the US dollar, RLUSD is designed for institutional use but has experienced initial price volatility, fluctuating between $0.96 and $1.06. Users are cautioned about the high-risk nature of the investment, with Ripple's CTO advising against speculative behavior.
Ripple President Monica Long expressed optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the U.S., predicting it will come "very soon." She highlighted the growing role of stablecoins, particularly Ripple's RLUSD, which is set for broader distribution on various exchanges.Long noted that the demand for stablecoins is expected to rise alongside the overall growth of the crypto market. With multiple asset managers filing for XRP ETFs and a more favorable regulatory environment, she anticipates accelerated approvals, especially following recent changes in administration.
XRP price has shown resilience, holding above key support levels after retesting $2.00. Currently, it is consolidating above $2.20, with immediate resistance at $2.40 and $2.50. A close above these levels could lead to a rally towards $2.80 and beyond, while a drop below $2.20 may trigger further declines.
Bitcoin leads the crypto market but faces pressure from the U.S. Department of Justice's sale of 69,000 seized Bitcoins, causing its price to drop to $94,276. Ethereum is gaining attention ahead of its Spectra upgrade, while Ripple shows resilience with a price increase to $2.35 amid ETF speculation. Berachain's upcoming token launch has attracted significant investment, and Hyperliquid is addressing concerns over validator sales amid centralization fears.
Ripple President Monica Long announced that an XRP exchange-traded fund (ETF) is likely to follow Bitcoin and Ethereum's ETFs, with several firms, including Canary Capital and Bitwise, having filed applications with the SEC. Long also revealed that Ripple's stablecoin, RLUSD, will soon be listed on major exchanges, expanding its availability beyond current platforms like Bitso and Moonpay. She anticipates significant growth for both RLUSD and the broader crypto market this year.
Ripple's RLUSD stablecoin is set to expand its presence on major cryptocurrency exchanges, with new listings expected imminently, according to President Monica Long. Currently holding a market cap of $71.8 million, RLUSD is primarily traded on Bullish, which accounts for over 76% of its volume. The stablecoin's growth is fueled by Ripple's expanding payments business, which doubled last year, and a recent partnership with Chainlink to enhance its utility through accurate price feeds. Additionally, Long hinted at the potential approval of an XRP exchange-traded fund (ETF) soon, with several applications already submitted to the U.S. Securities and Exchange Commission (SEC).
Ripple's new stablecoin, RLUSD, has seen significant activity with over 20.7 million tokens transferred in the past 24 hours. Launched in December after a closed beta, RLUSD aims to enhance cross-border B2B payments and is fully backed by USD reserves. Ripple President Monica Long anticipates increased adoption across platforms and expects the SEC to approve more crypto ETFs, including an XRP ETF, in 2025.
Ripple's RLUSD stablecoin is set to be listed on more major exchanges imminently, according to President Monica Long. Launched on December 17, RLUSD is currently available on several platforms, with a market cap of $71.8 million and over 76% of trading volume on Bullish. Ripple has also partnered with Chainlink to enhance RLUSD's utility by integrating price feeds on Ethereum and the XRP Ledger. Long anticipates strong growth for stablecoins this year, driven by increased demand in Ripple's payments business, which has doubled over the past year. Additionally, she hinted that XRP could soon see its own exchange-traded fund (ETF) following recent filings by various companies.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met with President-elect Donald Trump at Mar-a-Lago, marking a significant shift in US crypto engagement. Garlinghouse noted a surge in Ripple's US business activity and a strategic pivot towards the domestic market. Meanwhile, Ripple's President Monica Long announced plans to expand the RLUSD stablecoin and expressed optimism about a spot-based XRP ETF approval, reflecting the growing momentum in the crypto sector.
Monica Long
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