XRP's current price is around $2.28, with a 4.30% increase in the last 24 hours, according to some sources. However, another source reports the price as $1.0948 with a 2.92% decrease. Here's a breakdown of the latest updates ¹ ²:
- Market Performance:
- Market capitalization: $130.19 billion
- 24-hour trading volume: $649.24 million (in USDT)
- Resistance level: $1.1480 (or $2.50, according to some analysts)
- Support level: $1.0688
- Recent Developments:
- Hashdex XRP ETF: Hashdex launched the world's first spot XRP ETF (XRPH11) on Brazil's B3 exchange, potentially paving the way for US approval.
- CME Group XRP Futures: CME Group will roll out XRP futures on May 19, pending regulatory approval.
- Ripple's Strategic Acquisition: Ripple acquired Hidden Road, a global banking gateway, for $1.25 billion, expanding its institutional reach.
- SEC Lawsuit Update: The SEC case against Ripple is ongoing, with a joint filing submitted and a potential 60-day pause. A favorable ruling could boost XRP's price.
- Price Predictions:
- Short-term target: $3.00 or $2.50
- Long-term target: $5.00 or even $27, according to some analysts
- Other News:
- XRP-based investment products saw strong inflows, defying crypto market trends.
