Ripple CEO: XRP's Historic Quarter, ETP Filings Surge

Ripple CEO Pinpoints Ripple and XRP Recent Milestones

Ripple CEO Brad Garlinghouse recently shared the company’s latest XRP Markets Report, summarizing key achievements for Ripple and XRP over the past few months. In a post on X, Garlinghouse described the final quarter of 2024 as a historic period for XRP, citing significant developments that have contributed to its growing presence in the financial sector.

One of the most notable achievements Garlinghouse emphasized was the increasing number of XRP-based exchange-traded product (ETP) filings. He pointed out that during the fourth quarter of 2024, five different financial firms submitted applications for XRP ETPs in the United States. In early 2025, four additional companies followed suit, demonstrating the growing institutional interest in XRP investment products.

Another major milestone was the introduction of Ripple USD (RLUSD), a stablecoin launched by Ripple in December 2024. The product quickly gained traction, surpassing a $100 million market capitalization earlier this week. The release of RLUSD represents Ripple’s latest expansion into digital asset solutions, complementing its existing suite of financial products.

The XRP Ledger Decentralized Exchange (XRPL DEX) also experienced substantial growth in Q4 2024. According to the report, on-chain trading volume exceeded $1 billion during the quarter. This marks a significant increase in activity on the XRPL DEX and highlights the continued adoption of decentralized trading within the XRP ecosystem.

The report further highlighted XRP’s strong price performance during the final months of 2024. Throughout Q4, XRP recorded a 280% increase, with demand surging on major cryptocurrency exchanges, including Binance, Upbit Korea, and Coinbase. The market report attributes this price growth to heightened trading activity and broader institutional interest in XRP.

The report also touched on recent regulatory developments impacting Ripple and XRP. Meanwhile, SEC Chairman Gary Gensler resigned, returning to the Massachusetts Institute of Technology as a lecturer. Following his departure, Acting Chairman Mark Uyeda took over leadership at the SEC, publicly acknowledging that Gensler’s tenure had led to regulatory uncertainty within the cryptocurrency industry.

Despite Gens