Ripple CEO Brad Garlinghouse Outlines IPO and XRP ETF Plans for 2025
Ripple CEO Brad Garlinghouse announced plans for Ripple's IPO and an XRP exchange-traded fund (ETF) following the US SEC's decision to drop the lawsuit against Ripple. In a Bloomberg interview, he expressed optimism about XRP being included in the US digital assets stockpile.
Plans for Ripple IPO and XRP ETF in 2025
Key points from Garlinghouse's interview:
- Confidence in XRP's inclusion as part of a US digital asset reserve.
- Anticipation of multiple XRP ETF filings by the second half of 2025 after the lawsuit settlement.
- Over 10 applicants, including Franklin Templeton and Bitwise, have already filed with the SEC.
- A Ripple Labs IPO is possible but not a current priority.
“I have immense confidence in the ETFs,” said Garlinghouse, highlighting the success of XRP ETPs outside the US.
XRP Price Movement
Following the news, XRP's price increased over 10%, with trading volumes rising 250% to over $10 billion. Currently, XRP is trading at $2.45, facing resistance at $2.55.
Analyst EGRAG Crypto noted that sustained upward momentum requires XRP to surpass the $2.65-$2.70 range. A failure to do so may lead to a decline towards $1.60.
Closing above $2.66 would indicate bullish momentum, with further confirmation needed at $2.97.