XRP Soars Past $2.50 as Ripple CEO Eyes U.S. Strategic Reserve Inclusion and ETF Approvals
XRP has surged 11% in the last 24 hours, climbing to $2.51 and overtaking USDT to become the third-largest cryptocurrency by market capitalization, trailing only Bitcoin (BTC) and Ethereum (ETH).
Ripple CEO Brad Garlinghouse believes XRP could play a key role in the U.S. government’s evolving digital asset strategy and expects an XRP-based exchange-traded fund (ETF) to receive approval before the end of 2025. He shared these remarks in a recent Bloomberg Markets interview.
Garlinghouse’s confidence comes after Ripple secured a major legal win, with the U.S. Securities and Exchange Commission (SEC) formally dropping its case against the company on Wednesday.
“XRP was referenced in discussions around the U.S. digital asset reserve initiative,” Garlinghouse noted, pointing to an executive order signed by President Donald Trump earlier this month. The initiative aims to establish a federal crypto stockpile, which he believes could include XRP.
Additionally, the Ripple CEO highlighted the growing number of XRP ETF applications pending before the SEC, with major asset managers like Franklin Templeton and Bitwise leading the charge. “I have little doubt that we’ll see XRP ETFs approved in the U.S. given the strong demand and the success of similar products in international markets,” he said.
Regarding a potential Ripple Labs IPO, Garlinghouse acknowledged the possibility but downplayed its immediacy. “It’s an option on the table, but not something we’re prioritizing right now,” he stated.
With regulatory clarity improving and investor confidence surging, XRP’s momentum could signal broader institutional adoption in the near future.
