Monica Long, Ripple's president, has expressed her strong support for an XRP exchange-traded fund (ETF), calling it a logical next step for the market. In a recent interview with CNBC, Long highlighted the current regulatory clarity surrounding XRP and Bitcoin in the US, making an XRP ETF a viable option. She emphasized XRP's position as a top 10 asset by market capitalization and its significant daily trading volume, making it an attractive option for investors.

Long's comments align with Ripple CEO Brad Garlinghouse's prediction that a spot XRP ETF launch is "inevitable." Garlinghouse believes that approving multiple altcoin ETFs makes sense, as investors seek diversified exposure in the crypto market. Long also mentioned that institutional interest in crypto is growing, driven by Bitcoin ETFs and tokenized assets, paving the way for more crypto-based financial products.

In addition to the XRP ETF, Ripple is working on a stablecoin project, expected to launch by the end of 2024. Long assured that the XRP token would still be needed, serving as a bridge asset. The stablecoin market is projected to exceed $3 trillion in cumulative market capitalization within the next five years, driven by increasing demand for easy access to US dollars and convenient payment options.

In conclusion, Ripple's president and CEO are bullish on the prospects of an XRP ETF and stablecoin project, predicting significant institutional interest and growth in the crypto market. With regulatory clarity and growing demand, Ripple is positioning itself for success in the crypto space.