XRP Surges as SEC Drops Ripple Lawsuit, ETF approval Odds Rise
XRPS price jumped 13% after the SEC ended its case against Ripple Labs. This move sparked optimism for future ETF approvals and increased market activity.
Ripple Labs’ XRP has now surpassed Solana (SOL) in spot trading. It now captures over 50% of the volume, a significant shift from when SOL dominated with 70-80%.
With the legal battle behind it, the chances of an ETF approval in 2025 have increased. Blockchain analytics firm Kaiko notes this trend. According to Polymarket data, the odds of a spot Ripple ETF approval in 2025 rose by 6%.The market now sees an 83% chance of spot XRP ETFs getting approved by the end of 2025.
The increased activity in XRP markets isn’t a fluke. Higher volumes are paired with better liquidity. The average 1% market depth for XRP has steadily climbed and is now above SOL.
Kaiko believes product launches for XRP could happen soon. In January,the CME accidentally released a mock webpage for SOL and XRP futures. One of these products is now launched, and the other is free from regulatory issues.
Ripple CEO Brad Garlinghouse hinted that XRP ETFs could hit the U.S. market by late 2025. At least ten applications for XRP ETFs are pending SEC approval. Franklin Templeton recently joined the list of applicants.
