The odds of an XRP exchange-traded fund (ETF) approval have risen by 13% this week, reaching 83%, despite a recent delay from the U.S. Securities and Exchange Commission (SEC).
XRP ETF Approval Odds Surge 13%
According to prediction market platform Polymarket, expectations for an XRP spot ETF approval have increased sharply. As of this week, the odds sit at 83%, up from 70% just days earlier. This rise comes even though the US SEC has delayed decisions on several XRP ETF filings.
Bitwise, CoinShares, Franklin Templeton, and Grayscale are among the asset managers waiting for the SEC’s final ruling on their applications. The delays were widely expected, and analysts now point to October as the likely timeframe for decisions. The ETF community has noted that such postponements are standard during the review process.
The most recent delays follow similar actions by the SEC in May, when it extended the review period for multiple crypto ETF proposals. These include spot ETF filings tied to other digital assets beyond XRP.
Ripple CEO Continue to Support ETF Growth
Ripple CEO Brad Garlinghouse addressed the topic in a recent episode of the company’s podcast, Crypto in One Minute. He described ETFs as a way to make cryptocurrency investment more accessible to institutional players.
“Wall Street and other institutional investors have struggled to directly access crypto markets,” Garlinghouse said. He added that ETFs now allow them to gain exposure through regulated financial products instead of relying on crypto exchanges or self-custody wallets.
Garlinghouse also pointed to the quick growth of Bitcoin ETFs. “The Bitcoin ETF was the fastest ever to hit $1 billion in assets,” he stated. “It passed $10 billion faster than any other ETF.” He expects continued institutional interest to fuel more product launches, including those tied to XRP.
First-Ever XRP Futures ETF Launches on Nasdaq
Despite the US SEC delays on spot ETFs, the market saw a notable development late last week. Volatility Shares launched the first-ever XRP futures ETF on the Nasdaq exchange under the ticker XRPI. This followed the May 19 launch of an XRP futures product on CME Group’s platform.
XRP futures now give investors regulated access to trade contracts based on the asset’s future price. These types of products have long existed for Bitcoin and Ethereum but only recently became available for XRP.
Tectrium also rolled out its 2x Long Daily XRP ETF, a leveraged product, adding more options for those looking to trade XRP-linked instruments. These product launches show growing interest in XRP among institutional traders which has been reflected in the XRP ETF approval odds.
Experts Predicts XRP Price Rally to $27
Crypto analyst Egrag Crypto has shared a long-term view of XRP price market behavior based on monthly price trends. He noted that past cycles show XRP tends to move in distinct phases around the 21 EMA (exponential moving average).
In previous cycles, XRP dropped sharply below the 21 EMA, then recovered, followed by another drop. The current cycle may be following a similar structure. The analyst believes XRP could rise 430% from current levels before experiencing another correction.
“If history repeats, XRP could touch $12 or even $46,” he wrote. Averaging those scenarios, he forecasted a possible price target near $27.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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