XRP ETF Odds Hit 85% as Price Holds $2.20 and Targets $3.00

• Grayscale and Bitwise have submitted XRP spot ETF filings now under SEC review.
• XRP holds $2.20 support with bullish MACD signal, targeting a move toward $3.00.
• XRP ETF approval odds jump from 65% to 85% amid SEC leadership change in April 2025.

XRP token has seen increased institutional support as the odds of a spot XRP Exchange-Traded Fund (ETF) approval rise. The market’s confidence has skyrocketed since approval odds skyrocketed from 65% to 85% in under two months. 

Institutional Push for Spot XRP ETFs

Grayscale submitted its S-1 document to the SEC to convert its XRP trust and began a 45-day review process. 

Bitwise obtained formal acceptance to launch its physically-backed XRP ETP. These developments followed the SEC’s extension of the Franklin Templeton decision deadline to June 17. Meanwhile, investors have maintained positive expectations.

The approval numbers for a spot XRP ETF have risen after Grayscale and Bitwise made their application public to convert their XRP investment vehicles. 

Related: XRP ETF Decision Moved to June 17 as SEC Extends Franklin Templeton Timeline

Futures ETFs Show Growing Exposure

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