Bullish XRP ETF Approval Odds Surge to 83% on Polymarket, Boosting the Altcoin's Price

This latest data shows a big jump in confidence from just a few days ago, when the perceived probability of an XRP spot ETF getting the green light stood at 70%.

The bullish sentiment for XRP has spiked sharply, with the popular prediction platform Polymarket now reflecting an 83% chance of an XRP ETF approval in 2025.

This latest data from Monday shows a big jump in confidence from just a few days ago, when the perceived probability of an XRP spot ETF getting the green light stood at 70%.

This surge in optimism has clearly helped boost XRP users’ confidence and helped the altcoin to rebound from a recent market pullback. It is crucial to note that the XRP approval probability spiked despite multiple delays by the SEC over several ETF filings.

Several investment giants, including Bitwise, CoinShares, Franklin Templeton, and Grayscale, have all filed for the XRP spot ETFs.

While most crypto users might view these delays as setbacks during such crucial encounters with the SEC, industry experts deem them normal and part of the review process. Many such analysts predict that the crypto industry will experience the first-ever XRP spot ETF by October 2025.

The ETFs are broadly expected to spur new highs for XRP.

Ripple’s CEO, Brad Garlinghouse, remains upbeat about the impact of XRP spot ETFs on the cryptocurrency’s value. According to Gralinghouse, ETFs provide suitable and much-needed gateways for institutional investors to enter the crypto market.

He further explained that Wall Street firms have often struggled to access crypto directly, adding that ETFs offer safer and more regulated entry points for these large players.

Using Bitcoin’s success as an example, Garlinghouse noted that the pioneer cryptocurrency’s ETFs reached $1 billion in assets faster than any other ETF in history. The Ripple CEO expects a similar scenario with XRP, considering the altcoin’s status and the interests around the expected ETF launch.

The post As Lit Optimism Hits 83%, XRP Price Responds with 4% Rally From Recent Lows