$XRP It is noteworthy that there is increasing optimism in the market regarding the approval of cryptocurrency exchange-traded funds. According to the prediction platform Polymarket, the chances of approval for the XRP exchange-traded fund have risen to 70%, driven by growing optimism after the price of XRP reached a peak of $3.39.

Additionally, several investment firms, including Grayscale, have submitted applications to convert XRP funds into exchange-traded funds (ETFs), reflecting an increasing interest in this digital asset.

However, there are still regulatory challenges facing XRP, especially as the Securities and Exchange Commission continues to classify it as a security, which affects the chances of approval for the associated exchange-traded funds.

In contrast, Litecoin (LTC) is considered a stronger candidate for immediate exchange-traded fund approval, given its classification as a branch of Bitcoin and not being deemed a security by the Securities and Exchange Commission.

$XRP $LTC