Polymarket bets show a significant increase in the likelihood of XRP ETF approval following the SEC's case drop against Ripple. This event could be pivotal for the XRP cryptocurrency.
SEC vs Ripple Case and Market Impact
After a prolonged four-year battle, the SEC has dropped its charges against Ripple, paving the way for a potential XRP ETF approval. This event has sparked significant interest on Polymarket, with the odds of ETF approval surging to 82%.
Expert Forecasts and Market Reaction
Experts are forecasting XRP ETF approval as early as late Q3 or early Q4 of 2025. Ripple CEO Brad Garlinghouse has also expressed optimism about improved regulatory conditions and the evolving SEC stance.
Future of XRP and Market Challenges
If approved, the XRP ETF could solidify the cryptocurrency's position among the top three. Meanwhile, the launch of new ETFs, such as the recently approved Solana ETF, is fueling regulators' and investors' interest in cryptocurrency instruments.
The approval of an XRP ETF could be a major event for the cryptocurrency market, attracting significant investor interest. As the market awaits developments, XRP continues to show growth.
