$XRP Today, XRP is at a critical stage of technical recovery and capital games: in the short term, it needs to digest the resistance at $2.20, while in the medium term, it relies on ETF approval progress and ecosystem implementation. Key observation points include:

The SEC's review pace of the XRP ETF (key window in Q4 2025);

The international capital attraction of XRPH11 ETF (Brazilian market as a touchstone);

Changes in liquidity after the CME futures launch (May 19th node).

If it can stabilize above $2.20 and break through $2.50, the medium-term target could reach $3.00-$3.29; otherwise, one should guard against the risk of a pullback to $1.60. It is recommended to adopt a 'core position (60%) + derivatives hedging' strategy to dynamically balance returns and volatility.