XRP holders are anxious about the SEC’s upcoming decision regarding its appeal against XRP’s classification as a security. The appeal’s outcome, due by January 15, 2025, could significantly alter XRP’s market status.
The election of a pro-crypto administration brings skepticism about the SEC’s intent to appeal. Former SEC lawyer Marc Fagel suggests a new administration might choose to dismiss the appeal, aiding XRP’s chances of ETF approval.
Currently, only Bitcoin and Ethereum ETFs are SEC-approved. With firms like Bitwise and 21Shares filing for XRP ETFs, prediction sites now estimate a 75% chance of approval by July 31, 2025, sparking excitement among XRP investors.