‘Immense Potential’—Ripple Suddenly Braced For An XRP ETF Earthquake After Price Explosion To Rival Bitcoin And Ethereum

Ripple's XRP has experienced a significant surge in price following Donald Trump's victory in the U.S. presidential election. This development positions 2025 to be a remarkable year for both Bitcoin and the broader cryptocurrency market.

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XRP recently soared dramatically, rising by 400% in just a month, and briefly secured its position as the third-largest cryptocurrency, following Bitcoin and Ethereum. It is now nearing the all-time high it reached during the 2017 market surge, especially after news surfaced about a surprising launch set for December.

As Elon Musk subtly hints at a major shift in the cryptocurrency market, Wall Street is advocating for Ripple's XRP to secure a spot in an exchange-traded fund (ETF). This move comes after bitcoin and ethereum successfully launched their own spot ETFs earlier this year.

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In a recent article on Forbes, Tesla's CEO Elon Musk cautioned that the U.S. is approaching a "bankruptcy" situation at an alarming rate unless there is a solution inspired by Dogecoin. The piece was written by Billy Bambrough.

Ripple's CEO, Brad Garlinghouse, has witnessed a significant surge in the price of XRP in recent weeks, overshadowing the recent rally of Bitcoin.

The prominent ETF company WisdomTree has teamed up with Bitwise and Canary Capital to submit a proposal for an XRP spot ETF. Bank of New York Mellon will act as the administrator for this planned trust.

The group of bitcoin spot ETFs that launched in the U.S. in January has rapidly become one of the fastest-growing ETFs ever, driving up the price of bitcoin and igniting a lot of speculation about how future crypto spot ETFs might also contribute to price increases.

Ripple's XRP struggled during the bitcoin price surge and the broader crypto market boom of 2021, missing out on significant profits due to an ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC).

The conflict surrounding this issue may soon be resolved as Gary Gensler, the SEC chair who initiated legal action against Ripple for what he deemed unregistered securities sales of XRP, announced his resignation from the agency in January. His departure will allow for the appointment of someone selected by President-elect Donald Trump.

"XRP spent close to three years—approximately 900 days—in a period of accumulation. The length of this phase typically influences the power of any following rally, which explains why XRP has jumped about 404% since November 4," stated Arthur Azizov, CEO of the cryptocurrency exchange and payment processor B2BinPay, in an email. He also mentioned that the improving regulatory environment and XRP's "great potential" could lead to it surpassing its all-time high from the 2017 bull market by 2025.

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Forbes: Massive $15 Trillion Bitcoin Investment Aids in Halting Abrupt Cryptocurrency Market Drop By Billy Bambrough

In recent weeks, the price of XRP has surged dramatically, making it the third-largest cryptocurrency, following bitcoin and ethereum.

"According to Azizov, XRP's expansion was limited due to its ongoing legal issues with the SEC, despite other alternative cryptocurrencies experiencing significant increases."

Shortly after SEC Chair Gary Gensler announced his resignation, XRP saw a surge of more than 36%. This development has sparked optimism that the ongoing legal issues might soon conclude positively for Ripple. Additionally, several large firms are said to be preparing XRP ETFs, anticipating the lawsuit's resolution, which could also open the door for Ripple to pursue an IPO.

The cryptocurrency community is optimistic that Trump will appoint a SEC chair who supports crypto. This anticipation stems from his strong connections to the crypto world, highlighted by his non-fungible token (NFT) collections and his recently launched cryptocurrency and decentralized finance (DeFi) platform, World Liberty Financial.