In an unprecedented shift, the “XRP ETF Approval by End of 2025″ contract on Polymarket has climbed 23% in valuation over the past month, reaching $0.93. This sharp increase implies a strong confidence that the SEC will greenlight the initiative soon. Despite occasional procedural setbacks from Judge Analisa Torres, the mood remains optimistic, bolstered by XRP’s litigation wins, institutional interest, and growing CME Group futures contracts. The parallels with Bitcoin and Ethereum ETF investments are strengthening market forecasts.
Why Is Polymarket Optimistic About XRP?
The Polymarket contract reflects a high 93% probability of SEC approval, which can be attributed to several influencing factors. Bitcoin ETFs have gathered $58 billion in assets, intensifying calls for equitable treatment under the SEC’s oversight. Additionally, favorable court outcomes, recognizing XRP’s absence of security status in most cases, combined with a notable surge in futures trade, are key contributors to this positive outlook.
Could SEC Delays Affect Expectations?
The SEC’s ongoing review of XRP’s spot ETF application—which has involved repeated use of its 240-day extension—suggests no abrupt decisions will be made soon. However, extensions could echo the “delay first, approve later” trend seen in other digital assets.
The SEC’s actions show a due examination process, not prelude to rejection,” remarked Paul Grewal of Coinbase, stressing the regulator’s intent to grasp the digital asset market’s intricacies.
The XRP price fluctuation further bolsters market conviction. The altcoin witnessed a staggering 331% increase, with institutional players like CoinShares and Franklin Templeton fueling upward momentum towards the $2.50 threshold. As per Kaiko, a 38% dip in 90-day volatility aids in stabilizing prices, while a 22% increase in order book depth validates robust demand.
XRP’s applications for an ETF continue swelling monthly. Entities such as Bitwise, 21Shares, Grayscale, and even Crypto.com are preparing filings, eager to capitalize on this burgeoning interest.
Dubai’s approval of the RLUSD stablecoin further enhances Ripple’s stature, creating additional opportunities for arbitrage in global markets. A Brookings Institution report hints that legislative drafts in Congress may redefine the SEC’s role, potentially expediting multiple approvals in one go.
As crypto legislation evolves, legal ambiguities could prompt short-term market volatility. However, the influx of institutional capital and Polymarket metrics solidify 2023 as a pivotal year for XRP’s trajectory.
