It is the lowest prediction of the four filings reviewed by the Bloomberg ETF analysts. Litecoin (LTC) led with approval odds of 90%, followed by Dogecoin (DOGE) at 75%, and in third place, Solana (SOL) at 70%.

Polymarket shows strong confidence in XRP's ETF approval with a 78% probability, while analysts remain cautious, citing regulatory challenges and market volatility.

The agency said in a filing Thursday that it was acknowledging an application to list an exchange-traded fund tracking the token.

Ripple (XRP) is trading at $2.45. The cryptocurrency community is on hype with anticipation as XRP stands on edge of developments. The potential approval of XRP-focused exchange-traded funds (ETFs) and a favorable resolution to the ongoing SEC lawsuit could serve as substantial catalysts for price appreciation.