There is a technical chance, but I would have to say that the chance is not even "slender."
The way to get this done is for the Palestinians to do what they should have done in 1947-48 - agree to partition, and get a recognized nation - pledge to accept Israel's right to exist and to stop attacking Israel. Agree to current borders. The longer they delay, the less chance they have of anything. They will not get their wish that Israel be destroyed, but they will get a country.
The reason being is that two-state solution is the one that gets like 80% of the world or more on board. The problem is that whenever two-state solutions are tried, the Palestinians won't accept it. The Palestinians have been offered statehood on three different occasions in the past century. In all three instances, Israel supported the plan while the Palestinians viciously opposed it and instead resorted to terrorism.
In 1937, the Peel Commission and British Mandatory Government recommended an independent Jewish state, in areas where Jews were a majority, would be created alongside an Arab state, in areas where Arabs were a majority. The Arab state would have been significantly larger than the Jewish state, and both people would have been given the fundamental right of self-determination. However, the Arabs rejected the plan, and continued their fight to, as the Grand Mufti said, “drive the Jews into the sea.”
In 1947, the UN Partitioned. Jews accepted. Muslims rejected. Again. The split was between Jewish majority areas, and Muslim majority areas.
In 2000, at the Middle East Peace Summit moderated by President Bill Clinton, Israel offered nearly everything the Muslims wanted, an independent state in the West Bank and Gaza, compensation and right of return for refugees, and control over much of Jerusalem. Palestinians again rejected.