XRP News Today: XRP ETF Approval Odds Surge to 90% on U.S. Market Optimism

Investor optimism surrounding the approval of a U.S. spot XRP ETF has reached a fever pitch, with odds on the prediction platform Polymarket soaring to 90%. This significant increase from 70% just weeks prior reflects a growing consensus that XRP could soon follow in the footsteps of Bitcoin and Ethereum, which already have approved spot ETFs in the U.S. market. The approval of an XRP ETF would mark a major milestone for the cryptocurrency industry, making XRP more accessible to mainstream investors by listing it on traditional stock exchanges. This development would eliminate the need for digital wallets, simplifying the process of buying, selling, and holding XRP, particularly for institutions that typically avoid direct crypto exposure. The potential influx of fresh liquidity and large-scale players like hedge funds and asset managers could drive significant growth in the XRP market.

The Polymarket prediction contract has seen substantial activity, with over $95,000 in volume, indicating strong conviction among participants. The platform's markets often react to regulatory news and broader sentiment, providing a snapshot of what traders believe could happen next. The surge in betting odds comes as the U.S. Securities and Exchange Commission (SEC) keeps the crypto market in suspense. The SEC recently announced a 35-day delay in its decision on Franklin Templeton’s proposed spot XRP ETF, along with a similar delay for a spot Solana ETF. The agency has opened a public comment period, pushing any final decision into the second half of 2025. This uncertainty has fueled market tension, as investors await clarity on the regulatory front.

While the U.S. grapples with regulatory delays, Canada has taken a proactive stance. Canadian firms like Purpose Investments, 3iQ, and Evolve have already received approval from the Ontario Securities Commission and launched their XRP ETFs. Purpose Investments has even waived its management fees until February 2026, making its XRP ETF the first to offer zero fees for early investors. With $8.3 million in assets under management already, Canada's clear regulatory stance is driving real-world product rollout, unlike the U.S., where uncertainty continues to hold back progress.

Despite the extreme market turbulence, the XRP price has remained surprisingly stable. Over 12 hours, XRP experienced an abnormal 8,466% spike in long-to-short liquidation imbalance, with over $508,000 wiped from bullish positions. Yet, XRP’s price barely moved, gaining just 0.20% and staying around $2.15. This suggests that while traders were overly bullish, possibly fueled by ETF optimism, the price itself resisted major swings, highlighting XRP’s resilience amid rising institutional interest. The stability of XRP's price, despite the market volatility, underscores the growing institutional interest and the potential for significant inflows if an ETF is approved. The approval of an XRP ETF would not only validate the cryptocurrency's legitimacy but also provide a more accessible and regulated way to invest in XRP, potentially attracting billions of dollars in inflows and driving substantial growth in the market.