- XRP’s ETF approval chances soar as Polymarket users predict an 83% likelihood in 2025.
- Ripple sees regulatory progress, boosting investor interest in XRP-backed products and ETFs.
- XRP’s market cap hits $139B, reflecting resilience amid ETF anticipation and market shifts.
XRP, the digital asset associated with Ripple, appears to be on the cusp of a significant milestone, with market sentiment strongly pointing towards the approval of an XRP exchange-traded fund (ETF) this year.
Predictions from users on platforms like Polymarket indicate a high probability (83%), with Billmarket even predicting a 99% chance. This optimism reflects the shifting regulatory landscape and Ripple’s increasing influence within the financial sector
Ripple CEO Brad Garlinghouse remains confident that XRP will soon be included in both national cryptocurrency reserves and ETF offerings. His recent statements suggest a more positive relationship between Ripple and U.S. regulators, potentially clearing the path for investment products linked to XRP.
Factors Fueling the XRP ETF Optimism
Garlinghouse has emphasized that regulatory acceptance is key to XRP’s potential inclusion in future ETFs. He noted that previous regulatory hurdles under the Biden administration had presented challenges.
However, the current regulatory environment appears more favorable for Ripple. This shift has led to increased investor interest and inflows into XRP-backed investment vehicles. According to Garlinghouse, there are currently eleven ETF filings involving XRP awaiting approval from the U.S. Securities and Exchange Commission (SEC). Consequently, anticipation for an XRP ETF launch remains high in 2025.
Related: Ripple’s SEC Victory: Appeal Dropped, But SEC Silence Leaves “Officially Over?” Question Hanging
Garlinghouse also highlighted the U.S. government’s growing consideration of establishing a cryptocurrency reserve. This reserve could potentially include major cryptocurrencies such as Bitcoin, Ethereum, Cardano, Solana, and XRP.
Beyond these prominent assets, the reserve might also incorporate cryptocurrencies seized through law enforcement actions. If implemented, this strategy would further solidify XRP’s role within the broader cryptocurrency ecosystem.
Growing Market Confidence Drives XRP Activity
XRP’s improving regulatory outlook is fueling optimism within the market. Garlinghouse believes that the approval of an XRP ETF would provide further legitimacy to the asset and attract a wider range of mainstream investors.
Garlinghouse noted that Ripple has moved from a position of struggling to engage with U.S. lawmakers to one where it is more readily accepted in regulatory discussions. This evolution could significantly enhance XRP’s appeal as an investment and strengthen its market position.
XRP’s Market Performance Reflects ETF Hopes
XRP’s market activity reflects its shifting fortunes. XRP is currently trading at $2.40, with a 24-hour trading volume of $4.55 billion.
Related: Ripple General Counsel Remarks: SEC Wants to ‘Remake the Law’
Despite a 3.97% price decline in the past 24 hours, XRP has gained 4.39% over the past week. Its market capitalization stands at $139.46 billion, supported by a circulating supply of 58 billion XRP tokens.
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