According to Polymarket data, the probability of approval of the XRP ETF for 2025 is at 70%. At the same time, the XRP Coin price increased today, which is an indication of increasing confidence in the crypto market. A top market analyst predicts that XRP could rise to $6 in the future.
XRP ETF speculations increase sentiment!
The ETF expectation for XRP is growing stronger. According to Polymarket data, the probability of an XRP ETF being approved in the US is around 70%. According to the data, there has been a significant increase in bets on this possibility until December 31, 2025. This development coincides with a period when market sentiment has increased, especially after Donald Trump’s election victory. Trump’s victory and his active support for the crypto market throughout the election campaign strengthened market sentiment. In addition, his nomination of crypto-friendly Paul Atkins as the Chairman of the US SEC instead of Gary Gensler reinforced investors’ hopes. This situation also brought up discussions about the possible dismissal of Ripple’s lawsuit with the SEC. Many experts believe that crypto ETFs will be approved by 2025. Apart from the XRP ETF, market experts also see a high probability of the Solana ETF being approved in 2025. According to Polymarket data, the chance of a SOL ETF being approved in 2025 is 82%.
What is the target for XRP Coin?
XRP has surged today, breaking the $2.42 level. This increase has brought the cryptocurrency’s market value to $138.88 billion. However, the cryptocurrency’s daily trading volume has dropped by 41% to $6.22 billion. XRP recorded a 24-hour high of $2.47 and a low of $2.35. Despite this, Ripple Futures Open Interest decreased by 2%, indicating that investors are taking a cautious stance.
However, market experts are optimistic about the future of XRP. Famous analyst Dark Defender stated in a recent post that XRP Coin could rise to $5.85 after breaking the critical support level of $2.72. He also emphasized that XRP found new support at $2.22. Rising expectations for a potential XRP ETF approval have further reinforced market sentiment. In light of recent developments, XRP is expected to record strong growth in the coming periods.
