Here's the latest XRP news:

BEST TIME TO TRADE ON XRP

Market Performance

XRP's current price is $2.13, with a market capitalization of $133.79 billion. The token has seen a 29.7% increase in open interest in XRP futures across top exchanges since May 7, rising from $3.6 billion to $4.8 billion ¹ ².

Price Predictions

Some analysts predict XRP could drop to $2 before rising to a new all-time high, potentially reaching $3 or more. Others forecast a surge to $33-$50 in the future. Rising wallet activity and tightening Bollinger Bands suggest XRP could be gearing up for significant market moves ² ³.

Recent Developments

- *XRP ETF*: Teucrium launched the first XRP ETF, pulling $5.3 million on day one. HashKey Capital also launched Asia's first XRP Tracker Fund with Ripple backing.

- *Ripple Acquisitions*: Ripple acquired Hidden Road to strengthen its institutional business line. SBI Holdings earlier acquired a minority stake in the prime broker.

- *XRP Futures*: The Chicago Mercantile Exchange (CME) is set to launch XRP futures contracts pending final regulatory approval.

- *Partnerships*: Digital Commodities Capital Corp added XRP to its balance sheet, and Amazon customers using XRP could enjoy lower fees and quicker checkout ³.

Regulatory Updates

The SEC's dropped appeal marks a defining moment for Ripple and XRP, signaling potential reclassification as a commodity under new US crypto regulations ³.#BinanceAlphaAlert #xrp