The odds of XRP ETF approval have significantly increased, largely due to the evolving situation surrounding Ripple and investor sentiments.
Surge in ETF Approval Confidence
As per Polymarket data, the odds of XRP ETF approval have surged to 93%. This rising confidence suggests that many investors and traders are hopeful for better regulation in the crypto space.
Ripple and SEC Case Status
Much of this confidence stems from the nearing conclusion of legal disputes between Ripple and the SEC. With the clarity surrounding XRP's security status, market participants believe the approval for an ETF is simpler.
Impact of Futures on XRP
The launch of XRP futures on the CME Group on May 19, 2025, has further added to the positive trend. Executive Tim McCourt emphasized the significance of XRP use, indicating more institutional attention towards the asset.
As investors await SEC's decision with anticipation, the 1.78% price increase of XRP and positive ETF news foster an atmosphere of expected changes.
