XRP experienced a 13% increase in its price following the SEC’s decision to discontinue its case against Ripple Labs, which may be fostering optimism for upcoming ETF approvals and a boost in market activity.
Recently, Ripple Labs’ XRP has surpassed Solana (SOL) in spot trading, consistently capturing over 50% of the trading volume—a notable change from when SOL once commanded 70-80% of that space.
With the conclusion of the legal disputes surrounding XRP, the likelihood of an ETF approval in 2025 has risen on prediction markets, according to analysts at a blockchain analytics company.
As per information from a prediction market, the chances of a spot Ripple ETF approval in 2025 increased by 6% following the SEC’s case withdrawal, with current market sentiment indicating an 83% probability that spot XRP ETFs will gain approval by the end of 2025.
“The surge of activity in XRP markets appears to be a consistent trend. Increased trading volumes have coincided with enhanced liquidity for XRP, as the average 1% market depth has steadily risen—now surpassing that of SOL.”
Analysts
With the regulatory barrier lifted, it is believed that the market could see new XRP-related products launched in the “upcoming months.” For example, in January, the CME mistakenly published a website for SOL and XRP futures, and while one of those products has already launched, the other is now poised to emerge from regulatory limbo.
Ripple’s CEO, Brad Garlinghouse, suggested earlier in March that XRP ETFs might debut in the U.S. market in the latter half of 2025. Currently, there are at least ten applications for XRP ETFs—including spot, leveraged, and inverse products—awaiting SEC approval, with Franklin Templeton having recently added its name to the list of applicants.