Following the conclusion of the lawsuit against the SEC, XRP investors now await the potential approval of a Ripple ETF in the United States.The chances for an XRP ETF approval in 2025 stand at 77% according to data, but the odds drop to 29% if the deadline is July 31.Despite the optimism surrounding the possibility of an XRP ETF, the XRP options market leans bearish, indicating a demand for downside protection.The bearish outlook in the XRP options market is likely influenced by broader market uncertainty and macroeconomic concerns.