As of May 21, 2025, the cryptocurrency XRP is trading in the range of $2.35 to $2.38. Over the past 24 hours, the price has remained virtually unchanged, while it has decreased by approximately 8% over the week.
Current XRP metrics:
• Price: $2.35–$2.38
• Market capitalization: about $138 billion
• 24-hour trading volume: approximately $2.97 billion
• Weekly change: -8%
Technical analysis and forecasts:
• Consolidation: XRP is consolidating around the mark of $2.36, which may indicate preparation for a breakout.
• Bearish signals: The formation of a “death cross” on the daily chart may herald a price decline.
• Growth potential: Some analysts believe that XRP remains undervalued and could see a significant price increase.
Factors influencing the market:
• Launch of futures on CME: The recent launch of XRP futures contracts on the Chicago Mercantile Exchange with a trading volume exceeding $19 million may increase interest from institutional investors.
Overall, XRP shows signs of consolidation with the potential for both growth and decline depending on further market and legal events.