XRP News Today: XRP ETF Approval Odds Surge to New Highs on Polymarket Amid SEC Filings - Here's What’s Next

XRP’s ETF approval odds are skyrocketing, according to Polymarket traders, as new SEC filings bring speculation about a potential green light – we’ll cover the details below.

During this time, there’s one more project that could generate substantial buzz – PlutoChain . This hybrid L2 platform could make Bitcoin’s ecosystem stronger and add new use cases.

Let’s look at all the relevant details below.

XRP Price Prediction: Approval Odds for XRP ETF Approval Surge on Polymarket – Is a New ATH Coming?

Polymarket traders are increasingly betting on an XRP ETF approval, with odds climbing from 70% in January to 81% following the SEC’s recognition of Grayscale’s filing. The odds currently stand at 78%. Sentiment has shifted in favor of approval, though predictions are split when considering a July 31, 2025, deadline.

Bloomberg ETF analyst James Seyffart previously cast doubt on an XRP ETF’s chances until Ripple’s legal battle with the SEC is fully resolved.

However, the SEC’s acknowledgment of multiple XRP ETF proposals suggests potential progress. With 240 days to approve or reject applications, the market remains optimistic, as XRP’s price recently surged past $2.78.

Twitter analyst, Xoom , says that XRP could easily reach $5 by the end of February and that even the $6-$7 targets aren’t out of the question.

PlutoChain’s Hybrid Layer-2 Solution Could Address Bitcoin’s Scalability Challenges and Add New Functions

PlutoChain is a new hybrid Layer-2 platform that may tackle persistent challenges in Bitcoin’s ecosystem, potentially expanding its utility for mainstream adoption. 

By combining Bitcoin’s security with better scalability, the project could address limitations that have hindered BTC’s use in routine payments and advanced blockchain applications.

Bitcoin’s current infrastructure, while robust, faces well-documented hurdles. High transaction fees and slow processing times—stretching to 10 minutes per block—remain barriers for everyday use. These limitations come from Bitcoin’s foundational design, which emphasizes decentralization over speed.

PlutoChain’s Layer-2 solution might mitigate these issues through faster transaction processing. Early data suggests block confirmations could occur in less than two seconds, a stark contrast to Bitcoin’s base layer. 

These improvements might position BTC as a viable option for retail transactions and everyday payments, where speed is critical.

Planned compatibility with the Ethereum Virtual Machine (EVM) could bridge Bitcoin to Ethereum-based decentralized applications, potentially bringing opportunities in DeFi, NFTs, and cross-chain ecosystems.

Early testing has shown promising throughput, with one trial processing over 43,200 transactions in a single day.

Security remains a priority, with audits conducted by firms like SolidProof , QuillAudits , and Assure DeFi to ensure network resilience. Continuous stress tests further validate stability and address concerns common to new Layer-2 solutions.

Notably, PlutoChain introduces a decentralized governance model, redistributing decision-making power from miners to users. This could bring community-driven protocol upgrades, aligning development with user priorities rather than centralized interests.

While challenges persist in bringing such systems to maturity, PlutoChain’s approach may offer a blueprint for enhancing Bitcoin’s functionality. By balancing scalability with security, the project could play a role in expanding BTC’s relevance.

The Bottom Line

XRP’s ETF approval is looking more likely than ever, but it’s not a done deal yet. The SEC’s move signals progress, but Ripple’s legal battle is still there. If approval comes through, XRP could see a massive rally—until then, all eyes are on the regulators.

At the same time, PlutoChain could draw attention with its hybrid L2 approach to solving Bitcoin’s most pressing issues. Its 2 second block time and full EVM compatibility could make it a project worth keeping an eye on.

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