CandleFocus

There is an 82% chance that an XRP ETF will be approved in 2025 – Polymarket data

According to Polymarket, users are predicting that there is an 82% chance an XRP exchange-traded fund (ETF) will be approved in 2025. The chance had previously peaked at 89% when US President Trump entered the White House in January, but decreased after a closed meeting by the SEC to discuss their case against Ripple. Confidence in the approval of an XRP ETF has increased by 19% in the last seven days, with 54% of participants believing approval could come as early as July 31. Grayscale has recently filed an application to transform its XRP Trust into an ETF, joining other investment companies that have also submitted applications for an XRP ETF. However, the outcome may be impacted by Ripple's ongoing case with the SEC regarding an unregistered securities offering. Some market speculation suggests the lawsuit may have been quietly dismissed, but attorney Jeremy Hogan clarifies that the lawsuit is still active. XRP's price is currently in a support range, but if it breaks past a key level, it could potentially reach its all-time high.

Related News