XRP Gains Traction: 85% Chance of ETF Approval Fuels Trader Confidence

Optimism is surging among XRP traders, with a growing majority anticipating the approval of an exchange-traded fund (ETF). This confidence is fueled by recent shifts in sentiment towards the U.S. Securities and Exchange Commission (SEC) as investors hope for more favorable regulatory decisions. 85% of analysts believe an ETF approval will occur soon, according to Santiment data. Despite a recent postponement of Franklin Templeton’s XRP ETF proposal to June 17th, the consensus is that institutional money flow into XRP after the green light would mark a significant turning point in mainstream financial adoption.