XRP Price Set to Rally Higher

A U.S. regulator has hinted that an XRP exchange-traded fund (ETF) could be approved “very soon.”

According to the report, ETF approval candidates for the next wave of crypto spot ETFs include XRP, Solana, and Dogecoin.

“I think we will see one very soon,” Long stated in the interview. “I think that we will see more crypto spot ETFs this year coming out of the U.S., and I think XRP is likely to be next in line after bitcoin and ether. We think, especially with the administration change, the approvals of those filings will accelerate.”

In October 2024, the ETF buzz got louder when Bitwise became the first asset manager to file for an ETF tied directly to XRP. Canary Capital, WisdomTree, and 21Shares followed suit soon after, but no firm decision has emerged from the U.S. Securities and Exchange Commission just yet.

However, optimism remains high, especially given that the Trump administration is seen as being more crypto-friendly than the Biden administration. In November, it was reported that the Trump administration might give regulatory blessings that favor tokens associated with U.S. companies—like Ripple Labs, which oversees XRP, and the XRP ledger token, among others.

“The U.S. government is now fully engaged in the crypto space, and it’s showing,” said Long. “This is especially true with the Trump administration, which has been very open about wanting to see the U.S. become a hub for digital asset innovation.”

Good News for XRP Continues

In more good news for XRP, Ripple reported that in the last six weeks of 2024, it inked more domestic deals than it had in the previous six months. XRP's price has also shot up by over 300% since Trump's win, outpacing every other major token. This is largely due to the rising conviction that U.S. engagement could spark the next great crypto rally.

In fact, the hype around Ripple and XRP is heating up this further week because Ripple CEO Brad Garlinghouse was spotted having dinner with President Trump at Mar-a-Lago. Trump gave Brad the thumbs up, and XRP investors are taking that as a positive signal that the XRP price will do well in 2025.

“75% of Ripple's open positions are now based in the US, a stark contrast to the past four years, during which the company prioritized hiring abroad,” Garlinghouse said this week in a post on X. “For Ripple, this is even more personal after Gary Gensler's SEC effectively froze our business opportunities here at home for years.”

But as always, there's a contrarian take: Past administrations promised clarity that never arrived, so it remains to be seen whether the current momentum will translate into long-term policy changes. But for now, if Long’s prediction is correct, an XRP ETF could be just around the corner—providing a whole new playground for both crypto diehards and mainstream investors alike.