Polymarket Reveals 70% Chance of XRP ETF Approval in 2025: What’s Next?

An XRP ETF means that XRP price predictions for 2025 are being pushed higher. ETF approvals also provide strong signals for investors to decide what is the best cryptocurrency to invest in today? Let’s find out.

Polymarket data reveals a remarkable 70% chance of this landmark development, a figure that surged by 20% within just 24 hours.

Source: Polymarket

This surge underscores the growing optimism among crypto enthusiasts who are betting on XRP’s rise as a viable investment product. Earlier data showed a 48% chance for an XRP ETF approval by mid-2025, but recent confidence in a pro-crypto U.S. government and a supportive SEC chair has transformed market sentiment.

Source: Polymarket

Adding fuel to the fire, four separate XRP ETF applications are currently under review by the SEC. Asset managers like 21Shares, Bitwise,  Canary Capital, and WisdomTree are spearheading these filings, signaling their faith in XRP’s market potential.

XRP isn’t the only crypto asset making waves. Solana has a 77% approval likelihood for its ETF in 2025, according to the same Polymarket data. That figure marks a staggering 32% jump in just one day, eclipsing the optimism surrounding XRP.

Source: Polymarket

In contrast, Dogecoin and Litecoin ETFs face tougher odds, standing at 23% and 42%, respectively. While Dogecoin price predictions for 2025 are also bullish, and Doge has the backing of Elon Musk, and the meme coin narrative, a Dogecoin ETF seems unlikely. This disparity highlights the unique position XRP and Solana hold within the evolving landscape of crypto adoption.

Bloomberg ETF analyst Eric Balchunas marveled at the enthusiasm driving bets on multiple altcoin ETFs, remarking, “What a country.” He acknowledged the challenges, citing the lack of active filings and the lengthy approval timeline of 240 days. Still, he expressed hope that the new SEC leadership could expedite the process.

However, the anticipated changes in U.S. leadership and the appointment of crypto-friendly officials at the SEC provide a glimmer of hope. Industry leaders like Nate Geraci of the ETF Store and analysts like Balchunas expect a wave of new ETF approvals in 2025, including for XRP and Solana.

Source: Nate Geraci

Meanwhile, Volatility Shares has already made strides by filing for three Solana-focused ETFs in December 2024. Though Solana futures are not yet traded on regulated exchanges, the filings are seen as a bold step toward mainstream adoption.

On the market side, XRP showed strength with a 0.22% price increase, trading at $2.408, according to Brave New Coin’s XRP Liquid Index. However, the trading volume dipped 44% to $6.01 billion. The price chart reveals a 24-hour high Fof $2.47 and a low of $2.35, hinting at strong investor interest.

 Source: Brave New Coin’s XRP Liquid Index

Technical indicators further point to a bullish trajectory. XRP’s Relative Strength Index (RSI) at 76.60 suggests overbought conditions, but analysts believe that a minor correction could pave the way for new highs. Prominent analyst Dark Defender predicted that XRP could climb to $5.85 after surpassing the $2.72 resistance level.

Source: Dark Defender

The ramifications of a Solana and XRP ETF being approved in 2025 are clear. For crypto investors asking – what is the best crypto to buy now? Altcoins such as Ripple’s XRP and Solana are clearly worth consideration. Recent XRP news, such as the rlusd stablecoin, has reignited interest in Ripple’s XRP token, the RLUD, and the XRP ledger itself.