XRP Futures ETF Launch and CME Debut Drive 39% Surge in Trading Volume Amid ETF Decision Delay

XRP has experienced notable institutional developments and increased trading activity, with the launch of the first-ever XRP futures ETF (ticker XRPI) and CME Group introducing XRP futures. The U.S. SEC has delayed decisions on multiple XRP ETF proposals to June 17, 2025, while market data shows heightened interest and activity around the asset.

Currently, XRP is trading at approximately $2.39, reflecting a minor 0.61% decline over the past 24 hours. The trading volume surged to $4.12 billion, up 38.93% from the previous day, and the market capitalization rose to $142.74 billion. The price has fluctuated between $2.33 and $2.44, with a circulating supply of 58.68 billion XRP out of a maximum 100 billion. XRP ranks #4 by market cap among cryptocurrencies.

The slight price decline in the last 24 hours appears to be influenced by short-term market trends and recent volatility, despite positive institutional news such as the futures ETF launch and increased futures trading options. Anticipation around upcoming ETF decisions and sustained institutional demand are contributing to elevated trading volumes and maintaining XRP’s strong position in the market.