- Polymarket traders predict an 81% chance of SEC approval for an XRP ETF in 2025, reflecting growing investor confidence.
- An approved XRP ETF could boost institutional adoption, enhance liquidity, and drive price appreciation.
- XRP maintains bullish momentum, holding key support at $3.07, while indicators suggest potential for a rebound.
According to analyst Jacob King, recent data traders on Polymarket predict an 81% chance that XRP exchange-traded fund (ETF) will obtain regulatory approval in 2025. This figure marks an 11% increase in confidence, resulting in widespread discussions among investors and analysts alike.
The potential approval of an XRP ETF could have significant developments for the market. Exchange-traded funds provide institutional investors with regulated access to crypto assets thus, increasing liquidity and potentially driving up prices.
Current XRP Price Trends
Despite the bullish sentiment surrounding an ETF, XRP’s price remains volatile. At the time of writing, XRP price was trading at $3.09 down by 1.0% in the past 24 hours. XRP is showing a promising structure in the short term, with the price responding well to $3.07 key support level. The coin resistance is holding at $3.15 which shows as long as the price stays above this support zone, it suggests the market is respecting the current parameters, and a rebound could occur. XRP’s Relative Strength Index is seen at 63.41 above the neutral 50 mark suggesting bullish momentum. The MACD line is trading below the signal line indicating bearish pressure, but the narrowing gap between them hints at a potential bullish crossover.
XRP Technical Indicators Levels
Investor Sentiment: Hype or Realistic Expectation?
With the regulatory landscape for crypto ETFs constantly evolving, Grayscale Investments has sought SEC permission to convert its XRP Trust into an exchange-traded fund (ETF). A SEC approval of this ETF would lead to its NYSE listing where it could boost institutional adoption of XRP. Also,the 81% probability on Polymarket reflects community expectations thus, if an XRP ETF gets the green light in 2025, it could be a landmark event for Ripple and the broader crypto market.