$XRP has been quite volatile. On May 6, the price dropped by 3%, reaching $2.09, due to Ripple's decision to halt its quarterly reports, which raised concerns about transparency.

However, the next day, the price of XRP rose by 8% after the resolution of Ripple's lawsuit with the SEC, with the company agreeing to pay $50 million. This helped raise the price to around $2.29. Despite this, the token faces significant resistance at $2.38.

Additionally, there was a gain of 27% over the month, approaching $2.40, benefited by the weakness of the dollar. Overall, the sentiment remains mixed due to recent fluctuations and the potential for profit-taking by short-term investors.