XRP ETF Next? Polymarket Bets 83% on Approval as Institutional Interest Soars

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Recently the news of ETFs is getting common with Dogecoin ETF, Solana ETF, and newly launched memecoin ETFs the market is getting pumped up with these latest ETF mania. Despite the Ripple vs SEC legal scoop, XRP’s path to ETFs is gaining momentum as Polymarket bettors assign an 83% chance of approval by 2025. Major asset managers like Bitwise, Canary Capital, WisdomTree, and 21Shares have already submitted filings, while Grayscale has moved to convert its XRP Trust into an ETF. This growing institutional push signals that XRP could be the next cryptocurrency to secure an ETF spot after Bitcoin and Ethereum.

Regulatory Shift Favors XRP ETF Approval

Under the Biden administration and SEC Chair gary gensler information

gary gensler

Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages.

Chairman

XRP’s ETF hopes faded. However, with potential leadership changes and Mark Udeya’s more crypto-friendly stance, optimism is returning. Trump’s victory made it clear that many more ETFs will soon flood the crypto market above all XRP. Earlier in January, Ripple Labs president Monica Long remarked an XRP ETF could “soon be a reality” under the new Trump administration.

For months, Polymarket users have consistently bet on an SEC green light, with approval odds holding above 60% throughout January. The latest filings suggest the industry is gearing up for a breakthrough, and if the SEC follows its positive stance on crypto, XRP could soon enter the ETF market. Even the legal battle is also expected to close by March 2025 clearing XRP’s ETF path.

XRP Price Reaction—A Bigger Rally Incoming?

Currently trading at $3.02, XRP is holding key support levels as speculation builds. Analysts note similarities to its 2017 breakout, where a similar market setup led to a 2,900% rally. If history repeats, XRP could reach $99, but approval of an ETF could be the ultimate catalyst to drive demand and institutional inflows.

AI models like DeepSeek are also forecasting an explosive run, predicting XRP will reach $30 before the year ends.