Key Notes
- XRP ETF approval odds jumped 20% in 24 hours, now at 70% for 2025, fueled by SEC leadership changes.
- Solana leads ETF bets with an 77% approval chance; XRP trading at $2.41 after a 9.6% weekly rise.
- Analyst Dark Defender predicts XRP could hit $5.85; Ripple ETF approval boosts market enthusiasm.
The crypto market is buzzing as Polymarket reveals a 70% chance of an XRP ETF approval in 2025. That optimistic outlook has risen by 20% in just 24 hours, sparking excitement within the community. With several polls tracking the odds, enthusiasts are actively betting on the potential approval of XRP
XRP
$2.41
24h volatility:
0.4%
Market cap:
$138.43 B
Vol. 24h:
$6.32 B
and other altcoin ETFs.
Photo: Polymarket
A poll launched last month indicated a 48% chance of XRP ETF approval by July 31, 2025. However, newer trends suggest that the figure could climb to 100% by the end of Q1 2025. The surge in optimism is tied to expectations of pro-crypto changes in the US government, especially under new SEC leadership led by Paul Atkins.
Photo: Polymarket
The SEC is currently reviewing four XRP ETF applications submitted by major asset managers, including 21Shares, Bitwise, Canary Capital, and WisdomTree. Bitwise spearheaded the filings in October 2024, setting the stage for a more favorable regulatory environment under Atkins’ guidance.
Solana Leads ETF Bets with 77% Chance of Approval
Besides XRP, Polymarket participants are also betting on Solana, Dogecoin, and Litecoin ETFs. Solana leads the charge with a 77% chance of approval in 2025, reflecting a 32% uptick in just one day. In contrast, Dogecoin and Litecoin ETFs have significantly lower odds at 23% and 42%, respectively, signaling skepticism about their approval timelines.
Bloomberg ETF analyst Eric Balchunas weighed in, stating:
“What a country.”
He acknowledged the excitement surrounding ETF bets but noted that no active filings exist yet for these ETFs. Balchunas explained that the approval process typically takes 240 days, making it unlikely for decisions to arrive before July. However, he highlighted the potential for quicker actions under new leadership.
Market watchers remain focused on the SEC’s stance toward Solana. With its legal status under scrutiny and pending lawsuits against Binance and Coinbase, Solana faces challenges in clearing regulatory hurdles. The SEC has already signaled its intent to reject some Solana ETF applications, but experts believe a change in administration could shift the tide.
Ripple’s ETF Approval Buzz: Will XRP Soar?
XRP’s market performance mirrors the growing enthusiasm. Currently trading at $2.41, the token price rose 9.60% over the past week. However, trading volume fell 46% to $5.94 billion, reflecting investor caution despite the bullish sentiment. Analysts point to key support levels at $2.20, suggesting potential for a rally if XRP breaks $2.70.
Photo: CoinMarketCap
The anticipation of a Ripple ETF approval is a major driver of positive sentiment. Prominent figures, including analyst Dark Defender, predict XRP could soar to $5.85 in the near term. The growing global adoption of XRP and recent market developments are fueling hopes for sustained upward momentum.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.
