XRP ETF Approval Odds Now At 83% On Polymarket Data

• Polymarket reflected an 83% chance of an XRP ETF approval in 2025.
• XRP surged 4.2% following positive ETF approval sentiment.
• Ripple CEO confident about XRP’s growth following potential ETF approvals.

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 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 boosted XRP users’ confidence and helped the altcoin 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. Investment giants like Bitwise, CoinShares, Franklin Templeton, and Grayscale have all filed for XRP spot ETFs.

SEC Delays Can’t Dampen Growing XRP ETF Optimism for 2025

Although most crypto users see delays as unwanted outcomes during such encounters with the SEC, industry experts consider them normal and part of the review process. Many such analysts predict the crypto industry will experience the first XRP spot ETF by October 2025, as most expect the ETFs to boost XRP’s growth.

Related: XRP ETF Odds Hit 85% as Price Holds $2.20 and Targets $3.00

Ripple’s CEO, Brad Garlinghouse, remains confident about the effect of XRP spot ETFs on the cryptocurrency’s value. According to Gralinghouse, ETFs provide suitable and much-needed gateways for institutional investors looking to enter the crypto market. He highlighted how Wall Street firms have often struggled to access crypto directly, noting 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 XRP to do something similar, considering the altcoin’s status and the interests around the expected ETF launch.

XRP Price Rebounds on Strengthened ETF Approval Hopes

As mentioned, XRP responded to the improved ETF approval sentiment by rebounding from the price decline over the weekend. 

Related: XRP ETF Decision Moved to June 17 as SEC Extends Franklin Templeton Timeline

The much-talked-about altcoin recovered after dropping to a $2.2668 local low on Sunday. XRP surged 4.2% to reach $2.3597 on Monday morning before retracing slightly to $2.3473 as of writing, per TradingView’s data.