$XRP technical breakouts and regulatory news

XRP returns to the spotlight with a price fluctuating between $2.33 and $2.41, while analysts closely watch a potential breakout. Breaking the resistance at $2.41 could pave the way to ambitious targets like $4.85, according to historical cyclical models.

Meanwhile, the SEC proposes a $50 million settlement with Ripple, a step that could mark a turning point in the long legal dispute and provide greater regulatory certainty for the token.

Institutional interest is also growing: CME is set to launch futures on XRP on May 19, signaling increasing demand for derivative instruments on the asset.