As of May 1, 2025, the cryptocurrency XRP is trading in the range of $2.19–$2.28, showing a slight decrease over the last 24 hours.

Brief Overview of the XRP Situation

• Current Price: approximately $2.20.

• Daily Change: decrease of 1.4%–2%.

• Market Capitalization: about $128.5 billion.

• 24-Hour Trading Volume: around $3.5 billion.

Key Events

• ETF Approval: The U.S. Securities and Exchange Commission (SEC) approved the launch of futures ETFs on XRP from ProShares, which caused the price to rise to $2.36. However, the subsequent postponement of the review of the spot ETF application from Franklin Templeton led to a correction in price.

• Technical Forecasts: Analysts expect that under favorable conditions, including ETF approval and a positive resolution of the legal dispute with the SEC, the price of XRP could reach $5 in May.

Conclusion

Despite the current price consolidation around $2.20, XRP remains in the spotlight for investors due to institutional initiatives and expectations regarding the ETF. Future price movements will depend on regulatory decisions and overall sentiment in the cryptocurrency market.