Here's the latest XRP news:

Market Updates

- *Current Price*:$XRP is trading at $2.28, with a 0.25% decrease in the last 24 hours. The cryptocurrency has a market capitalization of $137.91 billion.

- *Trading Volume*: XRP's 24-hour trading volume is significant, with various exchanges listing XRP pairs.

Recent Developments

- *XRP ETF*: Volatility Shares has launched the XRPI Futures ETF on NASDAQ, which may increase institutional interest in$XRP .

- *Ripple's Acquisition Rumors*: Ripple is reportedly in talks to acquire Circle, the issuer of the popular USDC stablecoin, which could boost XRP's adoption.

- *XenDex Presale*: XenDex, a decentralized exchange built on the XRP Ledger, is ending its presale soon. The $XDX token has gained attention from investors and analysts.

Legal Updates

- *SEC vs. Ripple*: The SEC's stance on crypto regulation is crucial for XRP. Ripple has submitted a letter to the SEC's Crypto Task Force, referencing Judge Torres' ruling that XRP isn't inherently a security.

- *Court Ruling*: The court may pressure the SEC to resume its appeal or grant an extension if both parties show good faith efforts to resolve the case ¹ ² ³.

Price Predictions

- *$12 Price Target*: Crypto analyst Cryptoinsight predicts that $XRP could reach $12 soon, citing fundamentals and technicals.

- *Support and Resistance*: XRP's price is hovering around its 50-day EMA. A decisive daily close below could trigger further downside, while a break above the May 12 high of $2.6553 could signal a move toward $3.00 ⁴ ⁵.