$XRP receives indirect support from the SEC
The chances of approval for a spot ETF on XRP have risen to 95% on Polymarket. It is expected that growing interest from institutional investors will contribute to the approval of the instrument.
Previously, the SEC approved the conversion of the Grayscale Digital Large Cap Fund (GDLC), which includes XRP, Bitcoin, Ethereum, Cardano, and Solana, into a spot ETF. Although XRP has not yet received direct approval for its own ETF, the indirect approval through GDLC is already a step forward.
Meanwhile, XRP investors frequently change their positions on cryptocurrency exchanges. This leads to fluctuations between positive and negative zones. Frequent changes have also led to a decrease in the price of XRP. Market players are uncertain about the altcoin's forecast, as high volatility prevails in the market.
