XRP News: High Probability of XRP ETF Approval by 2025

The cryptocurrency community is abuzz with Optimism as data from Polymarket indicates an 82% chance that an XRP ETF will be approved by 2025. This surge in confidence follows a closed-door meeting among US SEC commissioners, including interim chair Mark Uyeda, where the future of the agency’s case against Ripple was discussed. The optimism has grown significantly, with a 19% increase in confidence over the past week. Additionally, 54% of participants now expect the SEC to approve the XRP ETF by July 31. Grayscale has also taken a proactive step by filing a 19b-4 application, further fueling expectations for a favorable outcome.

High Probability of XRP ETF Approval in 2025

According to Polymarket data, there is an 82% chance that an XRP ETF will be approved by 2025. This optimism follows a closed meeting among US SEC commissioners, including interim chair Mark Uyeda, discussing the future of the agency’s case against Ripple. The crypto community's confidence in the approval has surged by 19% in the last week, with 54% of participants expecting the SEC to greenlight the ETF by July 31. Grayscale has also filed a 19b-4 application to convert its XRP Trust into a fully-fledged ETF, aiming to list it on NYSE Arca.

Pro-XRP Lawyer Deaton Seeks Indictment of SBF Parents

Pro-XRP advocate John Deaton is calling for the indictment of Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, following reports that they are lobbying for a pardon for their son from former President Donald Trump. Deaton alleges that the parents took customer funds swindled from the crypto exchange FTX. Polymarket predictions indicate a 6% chance that Sam Bankman-Fried will receive a pardon from Trump.

Ripple: Top 3 Reasons Why XRP Could Hit $5 In 2025

Ripple’s XRP had quite a few bullish weeks earlier this month, breaching the $3 mark for the first time in seven years. Despite the recent upswing, XRP has faced a significant correction over the last few days, with its price down 0.9% in the daily charts, 2.1% in the weekly charts, and 7.4% in the 14-day charts. However, the asset has maintained some gains in the monthly and yearly charts, rallying 44.6% and 505%, respectively. The dip could be due to macroeconomic factors, such as the strengthening US dollar and investors flocking to safer assets. The Federal Reserve has paused interest rate hikes but has not announced a rate cut yet.

XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says

The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been a significant source of uncertainty for XRP holders and investors. Analysts believe that the conclusion of this lawsuit could lead to a substantial price movement for XRP. The general consensus in the crypto community is that the resolution of the lawsuit will remove the regulatory hurdles that have been suppressing XRP's price, potentially leading to a significant rally. Experts suggest that once the legal cloud clears, XRP could reach new heights, with some predicting a price target of $10.