XRP outperformed other major crypto assets in the last 24 hours, apparently fueled by Ripple President Monica Long’s optimism about impending XRP ETFs and CEO Brad Garlinghouse’s meeting with Donald Trump.
The Ripple-linked asset and native token of the XRP Ledger is up 4% in the last day to a current price of $2.32 as Bitcoin and Ethereum both gained less than 1%, according to data from CoinGecko.
Some of that price movement may be attributed to continued speculation over XRP ETFs, which Long believes are “likely to be next in line after Bitcoin and Ethereum”—both of which saw U.S. spot ETFs approved for trading in 2024.
Speaking with Bloomberg, the Ripple President said she thinks an XRP ETF will come to fruition “very soon.”
This echoes sentiments previously shared by Garlinghouse, who called the approval of an XRP ETF "inevitable” in October. To date firms like 21Shares and Bitwise have already filed for the launch of an XRP ETF, and optimism over potential approvals has been cited for XRP’s dramatic price surge late last year.
Garlinghouse also stoked flames of excitement around XRP on Tuesday, posting a photo from a dinner with Donald Trump and Ripple Chief Legal Officer Stuart Alderoty on X (formerly known as Twitter).
“Strong start to 2025,” said Garlinghouse.
Trump’s return to the White House and his incoming administration were cited as reasons why Long is optimistic that XRP and “various crypto spot ETF assets” may see approval in 2025 in the United States.
XRP has made a significant charge in the last few months, reaching a price point not held since 2018 in the process of briefly becoming the third-largest coin by market capitalization.
In addition to gains in the native token, the XRP Ledger has seen increased activity, breaking records for all-time high account activations in December as its meme coin economy showed signs of life.
The token is currently trading at $2.32, more than four times its price prior to the U.S. elections in November. XRP reached as high as $2.82 in December before cooling off alongside other major assets like Bitcoin. The Ripple-linked coin currently trades 32% down from its all-time high of $3.40 from January 2018.
Edited by Andrew Hayward
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