#MarketSentimentToday $XRP

XRP fell 2.01% on Monday, May 19, partially reversing Sunday’s 3.18% gain to close at $2.3803. The token underperformed the broader market, which dropped 0.86% to a total crypto market cap of $3.28 trillion.

XRP’s near-term price outlook hinges on US crypto legislation, future court filings, court rulings, and sentiment toward an XRP-spot ETF market.

Technical support sits at $2.3. A break above the May 12 high of $2.6553 could signal a move toward $3.00, with the potential to reach the record high of $3.5505.