The Ripple XRP community is very excited as former Ripple Director Sean McBride outlined a potential timeline for major developments. With CEO Brad Garlinghouse also sharing Ripple's insights on XRP's stance on XRP exchange-trading**, the possibilities of an XRP ETF become unanimous.
Let's dive into the key highlights and future prospects
McBride** Real XRP ETFs will emerge in 2024 or 2025. On his X-handle, he shared insights, stating, "You're going to see XRP ETFs in 2024 or 2025. You will also see the Ripple IPO 2025 US. β
This speculation is consistent with the growing interest in crypto ETFs, especially after the US SEC approved spot Bitcoin ETFs. Ripple CEO Brad Garlinghouse also acknowledged the possibility of an XRP ETF but did not comment on the timeline or potential issuers.
Highlighting Ripple's openness to a wide range of ETFs for different tokens, Garlinghouse envisions a prospect with diverse options and risk mitigation through baskets. "Of course we would welcome it," he said. There will be other ETFs that make sense. β
McBride said that the Ripple community expects Ripple to have an initial public offering (IPO) in 2025. Notably, Ripple has previously explored potential listing opportunities in overseas jurisdictions. McEard's obedience came after Garlinghouse said in a recent interview that Ripple could make an initial public offering outside the United States. However, the company has temporarily postponed its IPO plans, emphasizing compliance and regulatory engagement as top priorities.
Ripple's XRP has also been doing well lately. As of this writing, the XRP value is 053835819 USD, which is -5 in the last 24 hours79%γThe recent ** move has resulted in XRP's market cap stabilizing at 293$700 million. Year-to-date, XRP is down -1206%γ
XRP is currently experiencing a bullish trend, which is marked by a 50-day moving flat** sloping upward. However, the 200-day moving flat** has been on a downward trajectory since February 14, 2024, meaning it is a weak trend.
Garlinghouse clarified Ripple's positive stance on the SEC's "regulation through enforcement" approach. He expressed satisfaction with the recent court ruling that XRP is not ** and stressed that the SEC has been suffering losses in legal disputes.
The CEO remains optimistic, saying the decision is contingent on the U.S. ** Trading Commission acknowledging these ongoing losses or Congress intervening through new legislation.
Garlinghouse remains confident in Ripple's commitment to compliance and regulatory engagement. Ripple's participation in the Super PAC, along with Andreessen Horowitz and Coinbase, reflects its advocacy for crypto candidates who support constructive regulation and innovation.