It has not been a great few months for Ripple (XRP). It has not been able to gain any momentum, and is currently stuck at $0.50-$0.52. There are some significant developments that will be coming soon to the ecosystem. Monica Long, Ripple president, has made the argument for an XRP-based ETF when discussing Ripple’s upcoming stablecoin.
Talking to CNBCLong discussed the projects the payment service provider is working on. A question was also posed about the growth of ETFs that are crypto-based. As a response, she explained the reasons why XRP is one of the most important digital assets for investment vehicles.
![Ripple (XRP)](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Ripple-XRP-May-Skyrocket-as-Crucial-Date-in-SEC-Lawsuit.jpg)
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Ripple President Says XRP ETF ‘Makes A Lot of Sense’
In 2023 the digital assets market held high expectations for Ripple. It has failed to live up to expectations as the end of the year is fast approaching. It is not too late for the token to change its fortunes. A token’s future is brighter than ever.
CNBC – Speaking to CNBC Ripple President Monica Long The company is preparing to launch a stablecoin, and discussed its XRP future. She said that the stablecoin was being worked on, but it still had to meet all of the necessary requirements for a marketable product.
She was also questioned about whether XRP could follow Bitcoin and Ethereum into an ETF. Her response focused on the facts and figures that have made XRP one of the best investment products approved.
![Ripple Nears Major Converging Point: Analyst Says XRP Could Breakout](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Coinbase-Enables-Ripple-XRP-Trading-in-New-York.jpg)
![Ripple Nears Major Converging Point: Analyst Says XRP Could Breakout](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Coinbase-Enables-Ripple-XRP-Trading-in-New-York.jpg)
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“I think it would make a lot of sense,” Long told about the XRP-based ETF. “If you think about it, only XRP and Bitcoin have regulatory clarity on status in the US.” She also noted that XRP was a cryptocurrency in the top 10 by market capitalization and in top 5 for daily trading volume.”
These sentiments are echoed by Ripple CEO Brad Garlinghouse Earlier this month. Garlinghosue stated that an ETF for XRP could come as early as 2025. This development is crucial for XRP’s price movement and building momentum.
XRP is not showing many signs of growth in the year 2024. According to, over the last 24 hours the asset’s value has dropped by less than 1 percent. CoinMarketCap. It has also continued to struggle to surpass the $0.53 mark.
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Source: watcher.guru