Trump’s SEC Team Boosts Spot XRP ETF Approval Odds to 70%

Polymarket states that XRP ETF approval chances this year stand at 70%.
XRP has surged 12% in the past week and trades at $2.45.
XRP RSI on the weekly chart shows that the altcoin is overbought.

The digital asset market may see the debut of a spot exchange-traded fund (ETF) for XRP in 2025, with the pro-crypto Trump administration taking office. Approval of this product may bring significant capital into XRP, allowing a broader range of investors to access its price trends through ETFs.

The likelihood of spot XRP ETF approval in the United States by 2025 stands at 70%, according to Polymarket, a cryptocurrency-based prediction platform. The digital asset community also anticipates more altcoin ETF filings soon.

The Securities and Exchange Commission (SEC), led by Gary Gensler, rejected altcoin ETF applications, including a spot Solana ETF in August 2024. However, the agency approved Bitcoin and Ethereum ETFs earlier that year, in March and May.

Trump, set to take office on January 20, has appointed Paul Atkins as SEC chair. Alongside Commissioners Hester Pierce and Mark Uyeda, Atkins is expected to reshape the SEC’s stance on digital assets. Attorney Jeremy Hogan has called this team the “dream team.”

XRP Price Analysis: 2025 Trends and ETF Market Potential

XRP ranked among the top-performing altcoins in 2024, climbing from a yearly low of $0.39 to a high of $2.86. Currently, XRP trades at $2.45, reflecting a 4.19% rise. Over the past week, it gained 12.31% but dropped 6.02% in the last 30 days, maintaining its position as the third-largest cryptocurrency by market capitalization.

According to TradingView’s XRP weekly chart, the altcoin’s price remains bullish in the short to medium term. The Relative Strength Index (RSI) stands at 76.60, signaling overbought conditions and strong bullish control. A slight correction may occur before XRP pushes toward higher highs.

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