The Future of Ripple XRP: Key Highlights
The Ripple XRP community is buzzing after former Ripple director Sean McBride hinted at potential significant developments. CEO Brad Garlinghouse also provided insights into Ripple’s stance on XRP ETFs.
XRP ETF and IPO Speculations
McBride predicts the emergence of a genuine XRP ETF in either 2024 or 2025. He also suggests a Ripple IPO outside the US in 2025. This aligns with the interest in crypto ETFs following the approval of spot Bitcoin ETFs by the U.S. SEC. Garlinghouse has acknowledged the possibility of an XRP ETF without specifying a timeline.
On the other hand, McBride anticipates Ripple’s IPO in 2025, reflecting respect to Garlinghouse’s recent interview about the firm potentially conducting its IPO outside the United States. Ripple has temporarily postponed its IPO plans due to compliance and regulatory engagement as top priorities.
XRP’s recent value is $0.53835819, reflecting a decrease of -5.79% in the last 24 hours and a market capitalization of $29.37 billion. Year-to-date, XRP has experienced a decline of -12.06%. It is currently experiencing a bullish trend, as well as a weak trend in the 200-day moving average since February 14, 2024.
Is Ripple in the Right Legal Position?
Garlinghouse is optimistic about Ripple’s proactive stance regarding the SEC’s “regulation through enforcement” approach. He is satisfied with recent court decisions deeming XRP not a security, emphasizing the SEC’s consistent losses in the legal dispute.
The CEO also remains confident in Ripple’s commitment to compliance and regulatory engagement, showcasing its advocacy for pro-crypto candidates supporting constructive regulation and innovation.
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