XRP News: Ripple ETF Launch Bet Soars Sparking Optimism, What’s Next?

XRP News: Ripple ETF launch bets soar to 70% on Polymarket, sparking optimism and boosting its native token's price, with experts predicting a robust rally ahead.
By Rupam Roy
XRP News Ripple ETF launch XRP ETF XRP price

Highlights

  • In latest XRP news, Polymarket data showed that there is a 70% chance of Ripple ETF launch in 2025.
  • XRP price jumped more than 3% today, indicating the growing market confidence towards the crypto.
  • A top market expert predicts Ripple's coin to hit $6 ahead.

XRP News: The recent global shifting focus toward digital assets has once again fueled a rally in the broader digital assets space. Amid this, Ripple’s native crypto emerged as a top player, with a flurry of developments backing the positive outlook for the crypto. In addition, the soaring anticipation over a potential approval of the Ripple ETF, as per the betters on the prediction marketplace Polymarket, has further boosted market sentiment.

Advertisement
Advertisement

XRP News: Ripple ETF Speculations Boost Sentiment

In the latest XRP news, Polymarket showed that there is a 70% probability of a potential Ripple ETF approval in the US. According to the data, the bets have increased significantly over a potential approval by December 31, 2025. This has fueled speculation among investors, especially as market sentiment has recently been boosted after Donald Trump’s election win.

XRP News Ripple ETF Approval Polymarket
Source: Polymarket

For context, Bitcoin as well as the top altcoins has recorded a robust rally over the past few months. Donald Trump’s victory and his active support for the crypto market during his election campaign have bolstered the market sentiments.

Besides, his recent nomination of crypto-friendly Paul Atkins as the new US SEC chair after Gary Gensler has further fueled investors’ hope. This move has also sparked discussions over a potential dismissal of the Ripple Vs SEC lawsuit under the incoming SEC chair.

Having said that, several experts anticipate a flurry of crypto ETFs to be approved this year. Apart from XRP ETF, the market experts are also putting their bets on the Solana ETF approval in 2025. Notably, Polymarket data showed that there is an 82% chance of a potential SOL ETF approval in 2025.

Advertisement
Advertisement

What Lies Ahead For Ripple Coin?

XRP price today was up over 3% and traded at $2.42, while its market cap touched $138.88 billion. The one-day trading volume of the crypto fell 41% to $6.22 billion. Notably, the crypto has touched a 24-hour high and low of $2.47 and $2.35, respectively. However, despite the surge, Ripple Futures Open Interest slumped 2%, highlighting the cautious stance of the investors.

However, the market experts remained optimistic about the future trajectory of the coin. For context, in a recent X post, renowned analyst Dark Defender said that Ripple’s price is poised to hit $5.85 once it soars past the critical support of $2.72. He also noted that the crypto has found a new support at $2.22.

Ripple XRP Price
Source: Dark Defender, X

Meanwhile, the soaring anticipation over a potential Ripple ETF approval in the US has further boosted the market sentiment. Having said that, its native crypto is likely to witness robust growth ahead, given the recent positive developments. For context, a recent XRP price prediction indicated that the crypto is gearing up for a robust rally, especially amid the soaring global adoption of the asset.

Advertisement
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.