The approval odds for an XRP spot ETF are currently at 95% according to Bloomberg analysts, with several asset managers having filed applications for XRP ETFs.
XRP supporters are optimistic about a more favorable regulatory climate and growing institutional interest potentially leading to the approval of an XRP ETF.
Legal battles for Ripple's XRP are progressing, with both the SEC and Ripple Labs recently filing a joint request and speculation arising around the case's upcoming closure.
While short-term XRP price remains volatile, recent institutional interest and developments like Grayscale's Digital Large Cap Fund approval signal potential for a breakout towards $5 and beyond.