Ripple President Monica Long has stated that an XRP spot exchange-traded fund (ETF) is likely to be approved “very soon,” and is expected to be next in line after the recently approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs.

XRP outperformed Bitcoin over the past 24 hours as Ripple executives met with President-elect Donald Trump and shared ETF optimism.

A "descending triangle" pattern in technical analysis points to bigger gains for the top-performing major token.

Dogecoin was trading at $0.0046 per token at the beginning of 2021, and it reached an all-time peak of $0.73 on the night of Musk's appearance on SNL just five months later. That represented a whopping 15,769% gain, but investors who bought in late were left licking their wounds as the cryptocurrency then plunged by more than 90% through mid-2022.

Ripple President predicts XRP ETF launch soon after Bitcoin and Ethereum ETFs, with rising interest from asset managers.

We think, especially with the administration change, the approvals of those filings will accelerate,” Ripple president Monica Long said.

The $XRP token climbed Wednesday night after Ripple's Brad Garlinghouse and Stuart Alderoty had dinner with President-elect Donald Trump and Bitstamp announced an $RLUSD listing.