In a groundbreaking Bloomberg interview, Ripple CEO Brad Garlinghouse revealed major developments that could reshape XRP’s future, including its potential role in the US Strategic Reserve and plans for spot ETFs. This comes as analysts project a $6 price target for XRP following the SEC lawsuit resolution.
SEC Legal Victory and Strategic Reserve Inclusion
The long-running SEC battle has reached a decisive conclusion, with the regulatory body agreeing to drop its appeal against the ruling that “XRP in and of itself was not a security.” This development aligns with broader shifts in SEC crypto enforcement under the new administration.
XRP ETF Landscape and Market Impact
Garlinghouse confirmed 11 pending XRP ETF applications from major asset managers, including Bitwise and Franklin Templeton, expected to launch in H2 2025. The CEO’s optimism reflects growing institutional interest, with continued inflows into XRP-based products despite broader market fluctuations.
IPO Considerations and Strategic Growth
While acknowledging IPO possibilities, Garlinghouse emphasized acquisitions as a primary focus, particularly targeting blockchain infrastructure companies. This strategic direction comes as Ripple positions itself among leading blockchain companies planning public listings.
RLUSD Stablecoin Progress
Ripple’s stablecoin initiative, RLUSD, has exceeded internal forecasts since its late 2024 launch. With $230 billion in total supply and ambitious growth targets, RLUSD aims to secure a top-five market position by year-end.
FAQ Section
- Q: Will XRP be included in the US Strategic Reserve?
A: While not explicitly named, Garlinghouse indicates XRP is likely to be included in the broader crypto stockpile initiative. - Q: When will XRP ETFs launch?
A: According to Garlinghouse, spot XRP ETFs are expected to launch in the second half of 2025. - Q: What is Ripple’s stance on going public?
A: While an IPO remains possible, it’s not a current priority as the company focuses on organic growth and strategic acquisitions.
At press time, XRP trades at $2.44, showing strong momentum amid these significant developments.