XRP News: Ripple ETF Speculation Hits 70% on Polymarket, Driving Optimism and Price Surge
Key Highlights:
- Polymarket data shows a 70% chance of a Ripple ETF approval by 2025.
- XRP’s price increased over 3% today, reflecting rising market confidence.
- A leading market expert predicts the token could reach $6.
The growing focus on digital assets has reignited a market rally, with Ripple’s native cryptocurrency standing out amid speculation surrounding a potential Ripple ETF approval. According to Polymarket predictions, the probability of approval by December 31, 2025, has reached 70%, boosting investor sentiment and fueling XRP’s price gains.
Ripple ETF Speculation Strengthens Market Outlook
Polymarket data highlights heightened optimism, with bets for a 2025 ETF approval surging. Investor enthusiasm has been further fueled by the political backdrop, including Donald Trump’s re-election and his nomination of crypto-friendly Paul Atkins as the new SEC chair, sparking hopes for a resolution in Ripple’s legal battle with the SEC.
Market Trends and Future Projections
- XRP Price Movement: The coin rose to $2.42, with a market cap of $138.88 billion, despite a 41% drop in daily trading volume. Its 24-hour high and low stood at $2.47 and $2.35, respectively.
- Expert Analysis: Popular analyst Dark Defender predicts XRP could reach $5.85 if it breaks through $2.72 resistance, with new support established at $2.22.
Looking Ahead:
The anticipation surrounding a potential Ripple ETF approval has positioned the crypto for significant growth, particularly amid increasing global adoption. Additionally, experts predict that other crypto ETFs, including Solana, may also gain approval by 2025, signaling broader market expansion. XRP’s price trajectory remains a topic of keen interest, with bullish sentiment underpinned by ongoing regulatory developments and market dynamics.
