XRP is testing crucial resistance near $3.65 as soaring ETF approval odds and Ripple’s SEC victory fuel hopes for a breakout.

Ripple’s Legal Win Sparks ETF Optimism and Lifts XRP Price Outlook

XRP’s prospects for a U.S. exchange-traded fund approval have surged after Ripple ended its long legal battle with the Securities and Exchange Commission. Data from prediction platform Polymarket showed odds jumping to nearly 90% on August 8, a 20-point rise in less than a day.

The shift followed a joint filing by Ripple and the SEC to dismiss appeals in the case that began in 2020 over whether XRP is a security. Analysts say the settlement removes a major regulatory obstacle that could have hindered ETF approval.

Bloomberg’s Eric Balchunas now places approval chances at 95%, noting that opposition from Commissioner Caroline Crenshaw is unlikely to sway the outcome. XRP responded with a price spike to $3.36 before

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