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XRP News: Ripple ETF Speculations Boost Sentiment
XRP News: Ripple ETF Approval in 2025
The recent global shift towards digital assets has once again fueled a rally in the broader digital assets space. Amid this, Ripple’s native crypto has emerged as a top player, with a flurry of developments backing the positive outlook for the crypto. In addition, the soaring anticipation over a potential approval of the Ripple ETF, as per the bets on the prediction marketplace Polymarket, has further boosted market sentiment.
XRP News: Ripple ETF Speculations Boost Sentiment
Polymarket data showed that there is a 70% probability of a potential Ripple ETF approval in the US. According to the data, the bets have increased significantly over a potential approval by December 31, 2025. This has fueled speculation among investors, especially as market sentiment has recently been boosted after Donald Trump’s election win.
What Lies Ahead for Ripple Coin?
XRP price today was up over 3% and traded at $2.42, while its market cap touched $138.88 billion. The one-day trading volume of the crypto fell 41% to $6.22 billion. Notably, the crypto has touched a 24-hour high and low of $2.47 and $2.35, respectively. However, despite the surge, Ripple Futures Open Interest slumped 2%, highlighting the cautious stance of investors.
However, market experts remain optimistic about the future trajectory of the coin. In a recent post, renowned analyst Dark Defender said that Ripple’s price is poised to hit $5.85 once it soars past the critical support of $2.72. He also noted that the crypto has found a new support at $2.22.
Ripple’s Rise: What’s behind the Surge?
The surge in Ripple’s price can be attributed to a combination of factors. Firstly, the crypto’s native blockchain, Ripple, has seen significant adoption, with major financial institutions such as Santander and American Express integrating the network into their systems. Secondly, the launch of the XRP Ledger, a new version of the Ripple blockchain, has further boosted investor confidence in the crypto.
Conclusion
In conclusion, the recent surge in Ripple’s price is attributed to a combination of factors, including the potential approval of the Ripple ETF and the growing adoption of the Ripple blockchain. With market experts predicting a bright future for the crypto, investors are likely to remain optimistic about the trajectory of Ripple’s price.
FAQs
Q: What is the current price of Ripple?
A: As of today, Ripple’s price is $2.42.
Q: What is the market capitalization of Ripple?
A: Ripple’s market capitalization is currently $138.88 billion.
Q: What is the current trading volume of Ripple?
A: The one-day trading volume of Ripple is $6.22 billion.
Q: What is the likelihood of Ripple ETF approval in 2025?
A: According to Polymarket data, there is a 70% probability of a potential Ripple ETF approval in the US by December 31, 2025.
Q: What is the future outlook for Ripple’s price?
A: Market experts remain optimistic about the future trajectory of Ripple’s price, with some predicting a potential surge to $5.85 once it soars past the critical support of $2.72.
