XRP has been making waves in the crypto market with several significant developments. Brazil launched the world’s first spot XRP ETF, XRPH11, on the B3 exchange, tracking the Nasdaq XRP Reference Price Index, marking a milestone for mainstream adoption. Meanwhile, the Chicago Mercantile Exchange (CME) announced XRP futures contracts starting May 19, offering micro (2,500 XRP) and standard (50,000 XRP) cash-settled contracts, signaling growing institutional interest. XRP’s price has stabilized around 💲2.20, with analysts predicting a potential surge to 💲5-💲6.5, driven by technical indicators like a Descending Triangle pattern and Bitcoin’s bullish trend. Ripple’s RLUSD stablecoin reached a 💲294M market cap, with 💲76M on AAVE, boosting XRP’s ecosystem. However, regulatory uncertainty persists in the U.S., where ETF applications from Grayscale and Franklin Templeton await approval. Posts on X highlight bullish sentiment, with trading volume and open interest surging.
