XRP is trading sideways ahead of the launch of regulated XRP futures on the Chicago Mercantile Exchange (CME) on May 19, 2025.
Despite stable prices around $2.37, there is a surge in trading volume by 46.8% to $3.2 billion, indicating increased market activity and speculative interest.
CME's introduction of XRP futures is expected to boost institutional access and credibility, following the recent launch of Solana futures in March.
Technical indicators for XRP are currently neutral, with support at $2.30 and resistance at $2.60, signaling a potential breakout triggered by institutional demand post the CME futures launch.