XRP Surges 11% to $2.51 as Ripple CEO Eyes U.S. Strategic Reserve Inclusion and ETF Approvals
XRP has surged 11% in the past 24 hours, crossing $2.51 and securing its position as the third-largest cryptocurrency by market capitalization, trailing only Bitcoin (BTC) and Ethereum (ETH).
Ripple CEO Brad Garlinghouse expressed confidence that XRP could be included in the U.S. government’s proposed digital asset reserve and predicted the approval of an XRP exchange-traded fund (ETF) by the end of 2025, according to an interview with Bloomberg Markets.
Garlinghouse’s bullish outlook follows the conclusion of Ripple’s lengthy legal battle with the U.S. Securities and Exchange Commission (SEC), which dropped its case against the company on Wednesday.
“XRP was specifically mentioned by the President of Truth Social, who stated that there will be a Bitcoin strategic reserve and a broader crypto stockpile, which will include assets like XRP,” Garlinghouse told Bloomberg’s Sonali Basak, referencing an executive order signed by President Donald Trump in early March.
He also predicted a “wave of XRP ETF approvals” in the latter half of 2025, highlighting the growing number of pending SEC filings from firms such as Bitwise and Franklin Templeton.
“I have strong confidence in the ETFs,” Garlinghouse said, pointing to the success of XRP-based exchange-traded products (ETPs) in international markets. He also acknowledged the possibility of a Ripple Labs IPO but suggested it is not an immediate priority. “It’s something that could happen, but it’s not at the top of our agenda,” he added.
XRP’s strong performance has outpaced broader market gains, surpassing USDT to claim the third-largest spot in market capitalization as of Thursday morning in Asia.
