ETF Betting Generates Optimism: What’s in the Target for XRP Coin?

Polymarket has shown that the probability of a potential #XRP ETF approval in the US is 70%. According to the data, bets have increased significantly on a potential approval by December 31, 2025. This has fueled speculation among investors, especially since market sentiment has increased after Donald Trump won the election. In this context, Bitcoin and the top altcoins have seen a strong rally in the past few months. Trump’s victory and his active support for the crypto market during the election campaign have strengthened market sentiment.

In addition, the nomination of crypto-friendly Paul Atkins as the new US SEC chairman after Gary Gensler has further boosted investors’ hopes. This has led to discussions about the potential dismissal of the Ripple vs. SEC lawsuit under the new #SEC chairman. However, many experts expect crypto ETFs to be approved this year. In addition to the $XRP ETF, market experts are also placing their bets on the #Solana ETF approval in 2025. In particular, Polymarket data showed that there is an 82% chance of a potential $SOL ETF approval in 2025.

Meanwhile, XRP rose today, trading at $2.42. Thus, its market value reached $138.88 billion. The crypto’s one-day trading volume fell by 41% to $6.22 billion. Notably, the crypto touched a 24-hour high and low of $2.47 and $2.35, respectively. However, despite the volatility, Ripple Futures Open Interest fell by 2%. This also highlighted the cautious stance of investors.

However, market experts are optimistic about the crypto’s future trajectory. In this regard, in a recent X post, famous analyst Dark Defender said that the $XRP Coin price is ready to reach $5.85 after breaking through the critical support of $2.72. He also noted that the crypto has found a new support at $2.22.