XRP ETF rumors are building a buzz – Could a big announcement be coming?

• XRP holders are watching to see if the SEC will appeal before January 15th.
• The group's application could be rejected, clearing the way for a possible XRP ETF approval.

The Ripple (XRP) The community is highly anticipating the US SEC appeal date of January 15th and its potential impact on the XRP ETF outlook.

In November, the group asked for an extension to submit its application in early January, a move some said was pending the outcome of the US elections.

Now, with the pro-crypto Trump administration coming in and Paul Atkins as SEC chairman, some are questioning whether the agency will proceed with the appeal.

Former SEC attorney Marc Fagel said the new system could eliminate the claim. he is said,

“The application will continue now, and that process will take about a year. But it is possible that a new administration will decide to move to reject the application. That's not something I remember happening before, but it's possible and probably.”

Is XRP ETF Closer Than Most Think?

The regulator could clarify XRP's security status and speed up its ETF approval chances if the application is rejected. So far, the group has only approved Bitcoin and Ethereum ETFs because they are not considered securities.

However, the market remains optimistic that the new administration will approve several altcoin ETFs in 2025.

Already, there are SEC filings for the US spot XRP ETF with cases like Bitwise, Canary Capital, Wisdom Tree and 21Shares.

In fact, as of this writing, the prediction site Polymarket was pricing a 75% chance for XRP ETF in 2025.

Source: Polymarket

Even the current market conditions suggested that XRP holders expected additional accumulation, perhaps driven by a possible ETF approval.

According to CryptoQuant, Korean-based Upbit, which has the largest XRP holdings, has decreased from 6.6 billion to 6.0 billion tokens. This showed that users chose to hold their marks despite a 465% pump in November.

Interestingly, this was in contrast to the 100% rally seen in July, which pushed the Upbit reserve from 1.6B to 6.7B tokens – a massive +300% increase in selling weight.

Source: CryptoQuant

In short, XRP holders may be waiting for the ETF product or the anticipated 2025 altcoin season. With experts predicting that ETF approval could push XRP above $5, it may be worth the wait.