Crypto community members are increasingly optimistic about the approval of an XRP exchange-traded fund (ETF) following the conclusion of a long legal battle between Ripple and the SEC. On March 19, Ripple's CEO, Brad Garlinghouse, announced that the SEC had dropped its appeal against Ripple, effectively ending a $1.3 billion lawsuit. Nate Geraci, president of the ETF Store, stated that ETF approval for XRP is 'obvious' and that it's only a matter of time before the SEC agrees. Polymarket users have assessed an 86% likelihood of XRP ETF approval in 2025, with the resolution date set for December 31. The market had $55,000 in volume, although there was only a 42% probability for approval before July 31. Despite this significant legal milestone, XRP's market performance has seen only a minor increase of 5% since the announcement. Analysts noted the resolution had been anticipated, leading to minimal market reactions.

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