The price of Ripple’s XRP has skyrocketed since Republican Donald Trump won the US presidential election – making 2025 a big year for Bitcoin and cryptocurrencies.

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XRP, which briefly became the world’s third-largest cryptocurrency after Bitcoin and Ethereum due to its 400% price surge last month, is now nearing its all-time high in the 2017 bull market after a leak revealed it is planning a shock launch in December.

Now that Elon Musk is quietly confirming that he is revolutionizing the crypto market, Wall Street is pushing for Ripple’s XRP to win a spot exchange-traded fund (ETF), following in the footsteps of Bitcoin and Ethereum, who won their own spot ETFs this year.

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ETF giant WisdomTree, along with Bitwise and Canary Capital, have filed to create an XRP spot ETF, with Bank of New York Mellon serving as administrator for the proposed trust.

The fleet of Bitcoin spot ETFs that made their U.S. debut in January have become one of the fastest-growing ETFs ever, driving up the price of Bitcoin and prompting widespread speculation about the potential of future cryptocurrencies. Spot ETFs to stimulate price increases.

Ripple’s

That war may now be nearing its end after Gary Gensler, the SEC chairman who sued Ripple over XRP sales that it claimed amounted to sales of unregistered securities, said he would be leaving the agency in January to make room for a US president. Elect Donald Trump as candidate.

“XRP has been in an accumulation phase for almost three years – about 900 days. The duration of such a phase often determines the strength of the subsequent rally, so it is no surprise that XRP is up around 404% since November 4th,” said Arthur Azizov, the managing director of crypto exchange and payment processor B2BinPay in emailed comments, adding that the improving regulatory landscape and its “immense potential” will propel XRP price beyond its 2017 bull run could drive all-time highs in 2025.

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“Historically, XRP’s growth has been limited by the ongoing legal battle with the SEC, even as other altcoins have seen a surge,” Azizov said.

“Immediately following the announcement of SEC Chairman Gary Gensler’s resignation, XRP rose over 36%. His departure has raised expectations that the ongoing legal battle could soon end in Ripple’s favor. Additionally, major companies are reportedly planning XRP ETFs, awaiting the conclusion of the litigation, which could also pave the way for an IPO for Ripple.

The crypto community is betting that Trump will install a crypto-friendly SEC chair given his deep ties to crypto through his non-fungible token (NFT) collections and his new cryptocurrency and decentralized finance (DeFi) platform World Liberty Financial.