The odds of spot XRP ETF approval in the United States by the end of 2025 surged by 4% today to about 74%.

The imminent closure of the SEC vs Ripple lawsuit, including the possible removal of the ongoing injunction, will be a major boost for the XRP market.

The possibility of the U.S. approving a spot XRP ETF by the end of 2025 increased by 4% today to reach 74%.

The looming closure of the SEC vs Ripple lawsuit, which might see the current administration drop the permanent injunction imposed by Judge Analisa Torres on July 13, 2023, will be a major boost for the XRP market.

After more than three years of legal battles, the XRP global community is eagerly awaiting the conclusion of the U.S. SEC vs Ripple case under Donald Trump's administration.

While the ruling on July 13, 2023, saw Judge Analisa Torres partially grant the SEC's claims, ruling that XRP sales to institutional investors violated securities law, it also saw the SEC lose on several key fronts, leading to the permanent injunction and a $125 million penalty imposed on Ripple.

According to a report by Eleanor Terrett, two close sources following the case confirmed that "the case is in the process of wrapping up and could be over soon."

As previously reported, Ripple has been negotiating with the current SEC administration to drop the permanent injunction on XRP sales to institutional investors. However, these negotiations have reportedly stalled due to Ripple's legal team seeking more favorable terms.

Furthermore, Congress is currently working on legislation to provide clear crypto regulations, which could render the SEC's actions against Ripple, in particular, and crypto firms, in general, null and void.

"Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred," Terrett added.

The news comes as President Donald Trump's statement that XRP will be included in the U.S.'s strategic crypto reserves has spurred a renewed interest in the world's sixth-largest cryptocurrency among institutional investors.

Moreover, the current SEC administration has dropped charges against several crypto firms that were being prosecuted under Biden's administration, further highlighting the shift in regulatory focus.

In terms of price action, XRP has broken out of a multi-year consolidation following the palpable pump in the past five months.

From a technical analysis standpoint, XRP price could be setting the stage for a major bullish breakout toward price discovery in the coming months.