XRP News: Ripple CEO Foresees Inclusion in US Digital Asset Reserves and Anticipates ETF Launch

In a recent development, Ripple CEO Brad Garlinghouse has expressed Optimism about the future of XRP, expecting it to be included in the White House’s proposed digital asset reserves. He also anticipates the launch of an XRP exchange-traded fund (ETF) before the end of 2025. These comments come after the U.S. Securities and Exchange Commission (SEC) dropped its appeal in the long-running case against Ripple, leading to a significant surge in XRP’s price.

Ripple CEO Pushes for XRP in US Reserves, Keeps IPO Option Alive

Ripple CEO Brad Garlinghouse expects XRP to be included in the White House’s proposed digital asset reserves and anticipates an XRP exchange-traded fund (ETF) to debut before 2025 ends. His comments came after news that the U.S. Securities and Exchange Commission (SEC) abandoned its appeal in its long-running case against Ripple. In response, XRP surged over 12% in the past 24 hours to $2.56, briefly surpassing USDT in market capitalization and becoming the third-largest cryptocurrency behind Bitcoin (BTC) and Ether (ETH). However, USDT has since reclaimed its position, though its lead over XRP remains narrow.

XRP Large Holders Are On A Buying Spree As Price Gains Fresh Upsurge

With the broader crypto market displaying renewed upside momentum, XRP has recorded notable gains in the last 24 hours. The recent upswing might be attributed to a massive buying spree among big investors as whale wallet addresses witness a significant rise. Despite heightened volatility and previous downward pressure, investors have maintained a bullish sentiment toward XRP, with the altcoin recovering above the $2.5 price mark after dropping as low as $1.9.

Ripple (XRP) Surges to $2.50 with Potential $3 Move in Sight

XRP has decoupled from other altcoins, surging 14% and breaking the $2.50 resistance level. The XRP Ledger has seen substantial growth in active addresses, indicating rising acceptance. Ripple’s recent price increase and technical breakout strengthen its positive market outlook. Data from Santiment shows that major XRP holders have maintained their purchase activity, increasing wallet holdings by 6.5% to reach 46.4 billion tokens in two months. Growing investor confidence continues to drive market demand and rising prices.

XRP Sees Growing Investor Confidence Following SEC Legal Battle Resolution

XRP is experiencing growing investor confidence following the end of the SEC’s legal battle against Ripple. Whale holdings and network activity have increased, signaling rising optimism. However, there are signs of bearish sentiment in the derivatives market that could hinder price growth. If XRP bounces off the upper boundary of a descending channel, it could retest the $2.60 resistance. Ripple’s XRP trades at $2.43 after a rejection at the $2.60 resistance. Network activity has grown by 400% since March, and whales have expanded their holdings by 10% in the past two months. Despite macroeconomic factors, investors are showing confidence in XRP.