XRP Struggles at Key Resistance Amid SEC ETF Delay
XRP faces significant resistance at $2.3650 as the SEC delays its decision on the 21Shares Core XRP Trust ETF, casting uncertainty over its near-term price trajectory. Currently trading at $2.35, XRP has seen a 1.4% daily decline and an 8.3% weekly drop, reflecting bearish sentiment in the market. Trading volume has also decreased by 15.9% to $2.67 billion, indicating reduced investor participation. Technical indicators present mixed signals, with short-term charts dominated by bearish pressure. The $2.3650 level remains a critical resistance point, and a breakout above this could signal a potential recovery. However, the SEC’s postponement has dampened immediate optimism, leaving traders cautious. Despite the short-term challenges, XRP’s long-term potential remains intact, with many investors eyeing future regulatory clarity and ETF approvals as key catalysts for growth.
XRP Faces Resistance at $2.3650 as SEC Delays ETF Decision
XRP trades at $2.35, marking a 1.4% daily decline and an 8.3% weekly drop. The SEC’s postponement of the 21Shares CORE XRP Trust ETF decision casts a shadow over immediate price recovery prospects.
Trading volume dipped 15.9% to $2.67 billion, reflecting waning market participation. Technical indicators present mixed signals, with bearish pressure dominating short-term charts.
The $2.3650 resistance level remains key. A breakout could propel XRP toward the $2.45-$2.50 range, while failure may deepen corrections.
CME’s XRP Futures Trading Volume Surpasses $30M in Debut
XRP futures on the Chicago Mercantile Exchange (CME) have notched nearly $30 million in trading volume within days of launch, signaling strong institutional interest. The contracts, available in standard (50,000 XRP) and micro (2,500 XRP) sizes, are cash-settled using the CME CF XRP-Dollar Reference Rate calculated daily at 15:00 UTC.
Hidden Road executed the first block trade on May 18, with Monday’s volume exceeding $19 million. Activity remained robust on Tuesday with an additional $10 million traded. The rapid adoption has reignited speculation about a potential spot XRP ETF in the U.S. market.
XRP Futures Launch on CME Sparks $30M Surge—Is a Spot ETF Next?
XRP’s integration into traditional finance took a significant leap with the Chicago Mercantile Exchange (CME) launching XRP futures contracts. Institutional interest was immediate, with notional trading volumes hitting $19 million on the first day and an additional $10 million the following session. Nearly $30 million traded in just two days underscores growing institutional confidence.
The contracts, available in micro (2,500 XRP) and standard (50,000 XRP) sizes, are cash-settled against the CME CF XRP-Dollar Reference Rate. This development signals broader acceptance of XRP as a regulated asset class, potentially paving the way for further financial products like spot ETFs.
XRP Price Could Hit $27 as Elliott Wave Analysis Sparks Market Frenzy; Remittix Emerges as Dark Horse
Market analysts are buzzing over a bold Elliott Wave projection that could propel XRP to $27, potentially reshaping the crypto landscape. While XRP dominates speculative chatter, Remittix—a PayFi competitor—is quietly positioning itself for exponential growth, with some experts forecasting 13,000% gains.
Remittix targets the trillion-dollar cross-border payments sector, bridging crypto and fiat transfers without requiring blockchain expertise. Its frictionless infrastructure contrasts sharply with legacy systems, mirroring the disruptive trajectory of early-stage XRP.
Ripple Commits $25 Million in RLUSD to U.S. Education Initiatives
Ripple has pledged $25 million worth of its US-dollar-backed stablecoin RLUSD to support education-focused nonprofits DonorsChoose and Teach For America. The donation, announced during Teacher Appreciation Week, aims to fund over 31,000 classrooms and benefit more than 24,000 teachers across the United States.
The initiative underscores Ripple’s vision for stablecoins as tools to foster global community engagement through efficient, inclusive financial solutions. "This is crypto for good in action," the company stated, highlighting the immediate impact of the funds already deployed.
Senate Advances GENIUS’ Act with Bipartisan Support, Eyes Stablecoin Regulation
The US Senate has taken a decisive step toward establishing federal oversight for stablecoins, voting 69-31 to advance the GENIUS’ Act to the amendment stage. This bipartisan momentum marks a potential turning point for crypto regulation after previous legislative stagnation.
Senator Bill Hagerty emphasized the urgency of creating clear digital asset frameworks as the bill proposes licensing requirements for stablecoin issuers. The regulatory push coincides with strategic industry moves—Ripple is reportedly exploring an acquisition of Circle, signaling consolidation in the stablecoin market.
