"Polymarket: 82% Chance of Ripple ETF Approval This Year"

Polymarket Bets 82% on Ripple ETF Approval This Year

In a significant development, Polymarket, a decentralized prediction market platform, has assigned an 82% probability to the approval of a Ripple ETF this year. This high likelihood is driven by growing institutional interest in XRP, the native cryptocurrency of Ripple, and the increasing number of ETF filings submitted by major asset managers.

Several prominent asset managers, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have already submitted filings for XRP ETFs. Additionally, Grayscale, the world's largest digital asset manager, has expressed interest in converting its XRP Trust into an ETF. These developments signal a strong institutional push for an XRP ETF, which could follow the successful launches of Bitcoin and Ethereum ETFs.

The regulatory environment in the United States appears to be favorable for the approval of an XRP ETF. Under the Biden administration and SEC Chair Gary Gensler, the SEC has shown a more crypto-friendly stance, with Gensler expressing his desire to present crypto-related approach changes. The potential leadership changes and a more crypto-friendly stance from Mark Udeya have further fueled optimism among investors and bettors on Polymarket.

Polymarket users have consistently bet on an SEC green light for XRP ETFs, with approval odds holding above 60% throughout January. The latest filings and the positive regulatory environment suggest that 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.

The potential approval of an XRP ETF has sparked speculation about the cryptocurrency's price reaction. Currently trading at $3.02, XRP is holding key support levels as investors anticipate a potential rally. Analysts have noted similarities to XRP's 2017 breakout, where a similar market setup led to a 2,900% rally. If history repeats, XRP could reach $99, but the 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 for XRP, predicting that the cryptocurrency could reach $30 before the year ends. The recent