XRP Price Rebounds as Ripple ETF Odds Hit 93%

Ripple ETF Approval Odds Surge to 93%, XRP Price Soars

The XRP price is bouncing back, driven by rising optimism about the possible approval of a Ripple ETF. This change is affecting the global crypto market, with Ripple’s token ready to lead the way.

The SEC’s friendly approach to regulations, the Ripple lawsuit settlement, and increasing adoption have all raised the chances of XRP ETF approval. This boost has strengthened the token’s market position and fits with the overall positive trend.

ETF Odds Surge

Recent data from Polymarket shows that confidence in the U.S. Securities and Exchange Commission (SEC) approving a spot Ripple exchange-traded fund (ETF) in 2025 has grown to 93%, up from 86.8% at the end of August. This notable rise in market-implied probability reflects changing investor expectations and indicates improved regulatory support for digital asset ETFs.

Bloomberg analyst James Seyffart recently named Ripple’s cryptocurrency as a strong candidate for an ETF listing, alongside other heavily traded assets like Solana (SOL) and Cardano (ADA). With its established derivatives market and high liquidity, the altcoin is in a good position for possible exchange-traded fund approval.

Additionally, Nate Geraci, another key figure, showed optimism about the ETF approval. He suggested that the chances might be even greater than what the market expects. He stated, “Personally think closer to 100% … People are severely underestimating investor demand for spot XRP & SOL ETFs.” Just like they did w/ spot BTC & ETH ETFs.”

Price Bounces Back

After a period of downtrend, the XRP price is now bouncing back, marking a notable 5% surge over the past day. Despite a 7.4% dip over the month, the token has seen a weekly uptick of 7.5%. After plummeting to a low of $2.77 earlier this week, the XRP price is now marked at $3.00. The trading volume is also high at $6.6 billion, up 40%.

According to experts, the altcoin is currently at a pivotal moment, with its recent reclaim of the $2.85-$3 zone boosting bullish confidence. With $3 identified as a crucial resistance for the price, it is now gearing up for a massive rally.

A decisive daily close above $3 would strengthen the bullish case, potentially paving the way for a move toward $3.82. However, the path to $3.82 is fraught with challenges, including historical resistance between $3.00-$3.10 and another hurdle at $3.30.

According to analyst Gordon, the 2nd-largest altcoin is poised to hit a new, ambitious all-time high of $6 after its long consolidation period. The chart presented highlighted that the crypto has managed to break out of the $0.5-$1 range, in which it had been stuck for nearly two years. As the token is now climbing the ladder, the next target is $6.