Following the legal battle between Ripple and the SEC, the expectations for the XRP ETF have surged, with a 77% chance of approval.
Chances of XRP ETF Approval
According to Polymarket, the likelihood of SEC approval for the XRP ETF has risen to 77%. This surge in expectations comes after Ripple's legal victories.
Advantages of XRP Compared to Ethereum
Steven McClurg, CEO of Canary Capital, claims that the XRP ETF could outperform Ethereum due to the lack of staking rewards for XRP, making it less attractive for buyers compared to the staking opportunities available for ETH. Additionally, XRP's focus on low-cost, high-speed international payments positions it favorably.
XRP Community and Its Market Impact
The strong XRP community, often referred to as the “XRP Army,” bolsters asset support and could lead to $5 billion in ETF inflows within the first month. This backing from both retail and institutional investors underlines the ETF's potential success.
The XRP ETF stands in a favorable position due to high approval odds and community support, potentially leading to a dominant market presence, even compared to Ethereum.
