Here's the latest XRP update for May 22:
- *Current Price*: XRP is trading at $2.41, with a 1.33% increase in the last 24 hours. The open price was $2.38, and the high and low prices were $2.43 and $2.33, respectively.
- *Market Cap*: XRP's market capitalization stands at $137.78 billion.
- *XRP Futures ETF Launch*: Volatility Shares is launching the first-ever 1x XRP futures ETF, ticker XRPI, on May 22, offering investors a new way to gain exposure to XRP through a regulated channel.
- *SEC Decision on Spot XRP ETF*: The US Securities and Exchange Commission (SEC) has delayed its decision on spot XRP ETF proposals, with a revised deadline set for June 17, 2025. Analysts estimate a 65% chance of approval in 2025.
- *Upcoming Events*: Key catalysts that may influence XRP price in June include the potential approval of a spot XRP ETF, macroeconomic developments, and the XRPL APEX event in Singapore.
- *Price Prediction*: If Bitcoin hits $200,000, XRP's price could surge to $4.35 or even $5, considering its historical outperformance ¹ ² ³ ⁴.$XRP