The probability of a spot XRP ETF being approved by the SEC has surged to 92%, according to data from Polymarket, indicating growing confidence in its likelihood. This jump is driven by recent positive developments for XRP, including the ongoing legal battle with the SEC and several new applications for XRP ETFs. The surge reflects increased investor interest and anticipation of a potential spot XRP ETF. This optimism stems from multiple factors: notably the increasing number of XRP ETF applications currently under review by the SEC, which is tilting the odds in favor of approval. Key proponents include firms like Bitwise, 21Shares, Canary Capital, Grayscale, and Franklin Templeton, all seeking to offer XRP ETFs. The SEC’s decision on the CoinShares spot ETF application was delayed due to investor enthusiasm, and a significant portion of market sentiment now points towards an approval by year-end.