XRP ETF approval odds jump to 87% on Polymarket amid Ripple-SEC case update

Traders on the decentralized prediction market Polymarket now estimate an 87% chance of an XRP ETF being approved by the U.S. SEC this year — the highest ever on the platform, according to DL News. The rise follows Ripple CEO Brad Garlinghouse’s announcement that the SEC plans to drop its lawsuit against the company. The SEC is currently reviewing five XRP ETF applications, with a decision expected by mid-October. Analysts at JPMorgan project up to $8 billion in inflows during the first year if approved. Despite the optimism, some believe broader economic factors still weigh on XRP’s price outlook.