Ripple CEO Brad Garlinghouse expressed confidence that the U.S. Securities and Exchange Commission (SEC) will approve an exchange-traded fund (ETF) for XRP, similar to the recent approvals of Bitcoin and Ethereum ETFs. This optimism follows applications filed by fund managers, with the anticipation of institutional and retail demand for access to XRP. Despite Ripple’s ongoing legal battle with the SEC regarding the classification of XRP, Garlinghouse indicated that the approval of an XRP ETF seems inevitable. The SEC's previous actions against Ripple, including a significant lawsuit from 2020 alleging unregistered securities sales, have gained notable traction in the crypto community. Although there may be regulatory hurdles ahead, the recent ruling favoring Ripple helped clarify the status of XRP in the market, contributing to the belief that institutional acceptance is forthcoming. XRP remains a significant player in the cryptocurrency market, currently ranked seventh by market cap, though it is well below its all-time high of $3.40.

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