Latest news about the cryptocurrency XRP (Ripple) as of May 1, 2025, based on available information:
XRP price drop: As of April 30, 2025, the price of XRP fell by 5.3% in the last 24 hours, which is related to investor disappointment over the SEC's (Securities and Exchange Commission) delay in deciding on the creation of a spot XRP ETF. A final decision on this matter has been postponed until June 2025.
Launch of XRP ETF: Despite the delay of the spot ETF, the SEC approved the launch of three futures ETFs tracking XRP from ProShares. These funds (Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF) started trading on April 30, 2025, sparking increased interest in XRP. Additionally, in Brazil, Hashdex launched an XRP ETF on the local stock exchange.
Integration with THORChain: THORChain announced the upcoming completion of the integration of XRP into its network, which will strengthen the economic model of the platform by increasing swap activity and fees. The launch on the mainnet is expected soon.
Price forecasts: Analysts show optimism regarding XRP's future:
Some predict a rise to $3 in the short term upon breaking the resistance level of $2.23.
Elliott wave analysis indicates potential growth to $7 in the next 3-6 months.
Long-term forecasts (up to 2030) from CoinPedia suggest further growth due to regulatory clarity and Ripple's expansion.
Institutional interest in Japan: About 80% of banks in Japan plan to implement XRP for cross-border payments in 2025, which could significantly increase the popularity and use of the token.
Legal news: The Ripple vs. SEC case is nearing completion. The new SEC chairman, Paul Atkins, who took office in April 2025, is seen as a supporter of cryptocurrencies, and investors are hopeful for a swift resolution of the dispute, which could contribute to the rise in XRP's price.
Security: In April 2025, the xrpl.js library (used for interacting with the XRP Ledger) was compromised, leading to the leakage of private keys. Users are advised to update the library to versions 4.2.5 or 2.14.3 to avoid risks.
Stablecoin RLUSD: Ripple launched the stablecoin RLUSD, which is integrated into Aave V3 on Ethereum and has a market capitalization of $294 million. RLUSD is expected to receive regulatory approval in New York by December 4, 2024.
Rumors of international use: Unconfirmed reports are circulating on platform X about the possible use of XRP in Russia for oil payments or as an alternative to the ruble. However, these claims are not confirmed by official sources and require a cautious approach.
Market situation: XRP ranks second on CoinMarketCap by market capitalization, trailing only Bitcoin. The current price fluctuates around $2.14–$2.30, with key support levels at $1.96–$2.00 and resistance at $2.49–$3.00.
Conclusion: XRP is in the spotlight due to the launch of the ETF, potential settlement with the SEC, and institutional interest, especially in Asia. However, volatility remains due to regulatory uncertainties and overall market conditions. It is recommended to follow updates on the Ripple-SEC case and technical price levels for investment decisions.