XRP Soars to $2.51 as Ripple CEO Eyes U.S. Crypto Reserve Inclusion and ETF Approval

XRP has surged 11% in the last 24 hours, reaching $2.51 and overtaking USDT to become the third-largest cryptocurrency by market capitalization, trailing only Bitcoin (BTC) and Ethereum (ETH).

Ripple CEO Brad Garlinghouse believes XRP could play a crucial role in the U.S. government’s proposed digital asset reserve and anticipates the approval of an XRP exchange-traded fund (ETF) before the end of 2025, he said in an interview with Bloomberg Markets.

His remarks follow the conclusion of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), which officially dropped its lawsuit against the company on Wednesday.

“XRP has been named in discussions about the government’s plans for a Bitcoin reserve and a larger crypto stockpile,” Garlinghouse told Bloomberg’s Sonali Basak, referring to an executive order signed by President Donald Trump earlier this month.

He also expressed confidence in a wave of XRP ETF approvals in late 2025, citing pending applications from firms such as Franklin Templeton and Bitwise. “XRP-based exchange-traded products (ETPs) have already proven successful outside the U.S., and I fully expect similar momentum here,” he said.

As for a Ripple Labs IPO, Garlinghouse acknowledged the possibility but said it wasn’t an immediate focus. “It’s an option, but not a pressing priority right now,” he stated.

With XRP’s latest rally, the token continues to strengthen its standing in the crypto market, while Ripple positions itself for further institutional adoption.