Polymarket shows strong confidence in XRP's ETF approval with a 78% probability, while analysts remain cautious, citing regulatory challenges and market volatility.

It is the lowest prediction of the four filings reviewed by the Bloomberg ETF analysts. Litecoin (LTC) led with approval odds of 90%, followed by Dogecoin (DOGE) at 75%, and in third place, Solana (SOL) at 70%.

The agency said in a filing Thursday that it was acknowledging an application to list an exchange-traded fund tracking the token.

Ripple (XRP) is trading at $2.45. The cryptocurrency community is on hype with anticipation as XRP stands on edge of developments. The potential approval of XRP-focused exchange-traded funds (ETFs) and a favorable resolution to the ongoing SEC lawsuit could serve as substantial catalysts for price appreciation.