Ripple President Monica Long mentioned in a January 7 interview on Bloomberg TV that the crypto market might receive more crypto spot ETF approvals in 2025. Long suggested that President Donald Trump and his pro-crypto administration would introduce more crypto-friendly regulations to support ETFs sooner. The Ripple president also speculated that an XRP spot ETF might be the next ETF approved into the digital asset investment products markets after Bitcoin and Ether. Long also mentioned the notable XRP spot ETF filings by asset management companies, such as Canary Capital and Bitwise. She believes that Trump’s administration might accelerate the approval of the filings. Bitwise was the first company to announce an S-1 filing for an XRP spot ETF with the U.S. Securities and Exchange Commission in October. The Bitwise CEO Hunter Horsley commented on the step, pointing out XRP’s endurance in the markets. Canary Capital filed for the ETF’s registration on October 8, while 21Shares filed for the ETF on November 1. The predictions market, Polymarket, revealed statistics suggesting that there was a 71% chance of XRP spot ETFs being approved in 2025. The poll, posted on December 31, received a 20% higher vote on the topic than the poll put out at the beginning of December last year. Another poll of the predictions market betting on whether the XRP ETFs would be approved by July 31, 2025, received a 50% ‘Yes’ vote. XRP price boost leads to more XRP ETF approval rumors XRP keeps crushing it lately ⚡ One bullish update after another flooding my feed. Let’s break it all down and connect the dots—so you get a clear picture of how fast things are moving. Ready?👇 — Nic (@nicrypto) January 8, 2025 CoinBureau’s CEO and co-founder Nic Puckrin tweeted about XRP’s positive performance since Trump’s win in the November presidential elections. The coin, which is trading at $2.30 at the time of writing, has been up over 1% over the past 7 days and over 305% over the past year. However, it is still down over 4% in the past month and 1.5% in the past 24 hours. Puckrin also noted the 65% spike in XRP’s open interest in the past 24 hours, bringing the value to $4.49 billion. The executive further pointed out the historical trend where an OI increase leads to a significant price spike. Puckrin gave an example of the 100% OI spike in 2023, which led to a 107% price surge. Ripple CEO and co-founder Brad Garlinghouse has also noted the significant increase in XRP’ s performance and Ripple’s increasing business in the U.S. Garlinghouse explained the bullish sentiment Trump’s victory has brought for XRP and Ripple. The Ripple CEO mentioned the increase in U.S.-based hires for the company, unlike the situation four years ago. The positive XRP price action, predictions for more price increases , and the impending resignation of outgoing U.S. SEC chair Gary Gensler have led to more speculations about XRP spot ETF approvals. The appointment of the incoming pro-crypto U.S. SEC chair, Paul Atkins, has also sparked rumors about dropping the Ripple vs. U.S. SEC case. RLUSD to list on more exchanges ‘imminently’ Ripple’s stablecoin RLUSD has also performed well in the markets as XRP spot ETF speculations increase. The regulated stablecoin launched in December already has a market capitalization of over $53 million. The coin’s trading volumes have also been increasing, with today’s volumes recording an over 228% increase in the past 24 hours. RLUSD’s launch has been positive for XRP’s price action, with Ripple’s CEO mentioning in a December interview about the stablecoin’s position to drive the next XRP rally. Monica Long hinted at the stablecoin’s listing on more exchanges in the near future to increase its positive action on the Ripple ecosystem and XRP’s price. Ripple also recently partnered with Chainlink to increase its adoption across DeFi applications and boost its use cases. The company believed Chainlink’s infrastructure would help bring more accurate RLUSD pricing data on decentralized markets. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
