$XRP usdt 👉⬇️💲
Here's the latest update on XRP Coin:
Price Update
XRP's current price is around $1.0948, with a 2.92% decrease in the last 24 hours. However, another source reports the price as $2.20 with a 4.42% decrease. The 24-hour trading volume is substantial, with reports of $649.24 million
Market Performance
- Market Capitalization: XRP's market capitalization is around $133.72 billion.
- Resistance Level: The resistance level is $1.1480, while the support level is $1.0688.
- Trend: XRP faces a slight dip, but whale accumulation near the $1.09 support level signals upcoming price stability ¹.
Recent Developments
- CME Group XRP Futures: CME Group will launch regulated XRP futures contracts on May 19, pending regulatory approval.
- XRP ETF: The first spot XRP ETF launched in Brazil, while US firms await SEC decisions on pending XRP spot ETF applications. ProShares filed to launch an XRP futures ETF, with a potential launch date of May 14.
- Ripple's Acquisition: Ripple acquired Hidden Road, a global banking gateway, for $1.25 billion, expanding its institutional reach.
- SEC Lawsuit: The SEC case against Ripple is ongoing, with a joint filing submitted and a potential 60-day pause
Price Predictions
- Bullish Scenario: A break above $1.12 could reignite bullish momentum, aiming for $1.15 or even $2.40.
- Bearish Scenario: Failing to hold above $1.0688 may lead to a test of lower support levels near $1.05