$XRP

XRP is currently trading at $2.17, with a 2.13% decrease in value over the last 24 hours. The cryptocurrency's market capitalization stands at $128.10 billion. Here's a breakdown of XRP's current performance.

- *Current Price*: $2.17

- *Market Cap*: $128.10 billion

- *24-hour High*: $2.25

- *24-hour Low*: $2.16

- *Circulating Supply*: 58.44 billion XRP

Recent developments have impacted XRP's price. Notably, the CME Group plans to launch cash-settled futures contracts for XRP on May 19, 2025, pending regulatory approval. This move aims to expand into altcoin markets beyond Bitcoin and Ethereum, reflecting growing institutional interest.

Additionally, Ripple's ongoing lawsuit with the SEC concluded with the SEC dropping its case, leading to an 8% price increase. XRP's unique consensus mechanism allows for faster and more cost-effective transactions, making it attractive to financial institutions.

Some analysts predict potential price targets for XRP, including:

- *Near-term target*: $4.40

- *Optimistic projection*: $48.12

- *Potential surge*: 40% or more if XRP surpasses the declining upper trendline

Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.