Ripple CEO Brad Garlinghouse announced ambitious plans for 2025, including a potential IPO for Ripple Labs and a flood of XRP ETF filings coming in H2.
Ripple CEO Brad Garlinghouse has shared big plans for the firm this year in 2025, after announcing on Wednesday that the US Securities and Exchange Commission (SEC) has dropped the Ripple lawsuit. In an interview with Bloomberg markets, Garlinghouse shared the plans for Ripple IPO this year and the anticipated plan of the XRP exchange-traded fund (ETF).
Rising Odds of Launching Ripple IPO and XRP ETF in 2025
Now that the Ripple lawsuit is behind us, company CEO Brad Garlinghouse is upbeat on sharing the future plans for the firm. Firstly, he shared his optimism surrounding the United States holding XRP XRP $2.24 24h volatility: 7.0% Market cap: $135.21 B Vol. 24h: $6.62 B as part of the country’s digital assets stockpile. Speaking to Bloomberg’s Sonali Basak, Garlinghouse said:
“XRP was named by the President of Truth Social. (He said) there’s gonna be a bitcoin strategic reserve and a crypto stockpile that will include things like XRP.”
Additionally, the Ripple CEO is also confident regarding major filings ahead for XRP ETF, following the settlement of the Ripple lawsuit. As the four-year-long battle with the US securities regulator comes to an end, it would open the gateway for bringing XRP institutional products to the market.
Garlinghouse believes that there will be a “wave of XRP ETF” filings by the second half of 2025. As of now, more than 10 applicants, including Franklin Templeton and Bitwise, have already submitted their filings to the US SEC.
“I have immense confidence in the ETFs,” he said, pointing to the success of XRP exchange-traded products (ETPs) outside the US Meanwhile, a Ripple Labs IPO isn’t out of question either. “Something is possible; it isn’t a huge priority.”
XRP Price Rally Above $3 Soon?
Following yesterday’s news, XRP price has shown major strength jumping over 10% with daily trading volumes surging 250% to more than $10 billion. However, the Ripple-related cryptocurrency faces a strong rejection at $2.55 and is currently trading at $2.45, with open interest for XRP futures up 17.7% to more than $3.79 billion, according to CoinGlass data.
Popular analyst EGRAG Crypto noted that for XRP price to see sustained uptrend, the bulls must convincingly take it past the $2.65-$2.70 range. However, failing to do so keeps the gates open for a drop to $1.60 levels.
The analyst also stated that a close above $2.66 would mark the first signal of bullish momentum, followed by a second confirmation at $2.97.
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