XRP ETF Approval Odds Surge to 85%, Driven by Institutional Support

Grayscale’s filing for an XRP spot ETF has fueled a surge in approval odds, reaching 85% after rising from 65%. This coincides with the SEC leadership change expected in April 2025. The rise follows increased institutional interest in XRP, as evidenced by market confidence and the positive outlook for the XRP token’s potential future. The XRP price currently holds at $2.20 with a bullish MACD signal, aiming to reach $3.00. Further support comes from Bitwise’s approval of its physically-backed XRP ETP, adding momentum to this already optimistic trend.