XRP Leads in ETF Race, Analysts Believe It Has a High Chance of SEC Approval. ProShares has updated its XRP ETF application based on futures contracts and swap arrangements, expecting a potential launch on April 30. Market experts believe this could serve as a strong catalyst for the approval of spot products. KaiKo points out that XRP's market liquidity and the number of applicants make it more likely to receive approval than Solana. Polymarket predicts a 75% probability of XRP ETF approval this year. However, since February, whales have reduced their investments in XRP, which could limit the price. The price of XRP is showing a downward trend on the daily chart, potentially fluctuating between $2.2 and $2 in the short term.

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The U.S. spot Ripple [XRP] ETF (exchange-traded funds) approval could happen soon, according to market experts. The speculation gained traction after ProShares updated its application for an XRP ETF based on futures contracts and swap arrangements.Per the SEC filing, the product eyed the 30th of April for a potential debut. If so, that would mark two U.S. futures XRP ETFs (ProShares and Teucrium). According to Nate Geraci of ETF Store, that would be a strong catalyst for the likely approval of spot products. For the unfamiliar, both spot BTC ETFs and ETH ETFs approval happened after futures products were greenlighted. XRP leads altcoin ETF race For its part, KaiKo, a crypto research firm, argued that spot XRP ETF could be approved faster than Solana [SOL] ETFs, citing the altcoin’s market liquidity and number of interested issuers. The firm noted that 10 issuers had applied for spot XPR ETFs, compared to only five for SOL ETFs. The firm added, Kaiko stated that the previous SEC leadership was keen on market liquidity to ensure well-structured products before greenlighting any submission. If that applies to the new SEC, XRP could rank higher on the approval ratings. That said, Polymarket remained highly confident that U.S. spot XRP ETFs would be approved as soon as this year. They priced in a 75% chance of approval in 2025.Even so, whales have reduced their exposure since February, as indicated by the overly negative (red, Whale vs. Retail Delta) indicator.  Positive whale exposure, like in November and early January (green bars), coincided with price rallies. Ergo, the XRP price could remain capped unless whales increase exposure again. On the daily price chart, XPR has been on a decline but remained constrained between trendline support, a 200DMA (daily moving average), and a 50EMA (exponential moving average). So, XRP could swing between $2.2 and $2 in the short term, but the weak demand could drag it below $2 again. 

XRP Leads in ETF Race, Likelihood of SEC Approval Increases