$XRP

Here’s a concise roundup of the latest XRP news based on recent developments:

• Price Movement: XRP is currently trading around $2.22, maintaining support at $2.20, bolstered by the 50- and 100-day

• Exponential Moving Averages (EMAs). Analysts suggest a potential breakout above $2.25 could target $2.68 or higher, though a drop to $1.90 remains possible if momentum falters.

• ETF Developments: Optimism for XRP spot ETFs is growing, with approval chances rising to 85% from 65% in recent months. However, the SEC delayed Franklin Templeton’s XRP ETF decision until June 17, 2025, causing some market pressure. ProShares’ XRP futures ETFs, initially misreported as launching in April, are now targeting May 14.

• Ripple’s Moves: Ripple moved $1.1 billion in XRP, relocking 700 million coins, sparking speculation about strategic plans, possibly tied to an offer to acquire Circle. Additionally, Ripple’s $1.25B acquisition of Hidden Road is nearing approval, boosting XRP Ledger’s institutional use case.

• SEC Legal Battle: The Ripple-SEC case remains in focus, with potential settlement talks ongoing. Investors await a possible motion to vacate the injunction on XRP institutional sales and reduce the $125M penalty. A favorable ruling could drive XRP’s price higher.

• Community Sentiment: Posts on X reflect excitement, with claims of an “XRP Rewards Event” and speculation about Ripple’s banking integration plans. However, experts urge caution against hype, dismissing false $200–$400 price predictions attributed to Forbes.

• Market Context: XRP gained 0.95% on May 1 but lagged broader crypto market gains. Macro factors like U.S.-China trade relations and Federal Reserve policy continue to influence sentiment.

For real-time updates, monitor Ripple’s legal filings, ETF developments, and macroeconomic trends.