The upcoming launch of $XRP futures on CME in May is seen as a positive development for institutional adoption. However, the broader market sentiment and any further news regarding the SEC lawsuit (although the appeal was dropped) can still influence price action.
Some analysis suggests XRP broke out of a descending triangle with a target of around $3.20. However, other analysis points to potential consolidation or even a pullback in the short term, with support levels around $2.00 - $2.11. The Relative Strength Index (RSI) is showing neutral to slightly bearish signals on shorter timeframes