XRP is currently trading at $2.20, down 0.45% over a 24-hour period. The trading volume has declined precipitously to $4.17 billion, down 28.22%. In the last week, nonetheless, Ripple has gained 6.57%, indicating recent positive momentum that is beginning to ebb. It was subjected to a strong rejection at $2.30 and now struggles at $2.16 support.
Short-term traders are cautious. The hourly and 4-hour charts show lower highs forming classic signs of weakening momentum. The 15-minute chart shows continued selling, and no reversal patterns have emerged yet. Unless XRP bounces fast above $2.22, the short bias holds strong. Scalpers are watching for a drop to $2.08 if $2.16 fails.
CME group to launch XRP futures on May 19
The world’s largest derivatives exchange, CME Group, has announced XRP futures on May 19, subject to regulatory approval. The offering is to include micro (2,500 XRP) and standard (50,000 XRP) contracts, cash-settled. The price will be determined by reference to the CME CF XRP-Dollar Reference Rate, calculated at 4:00 PM London time on a daily basis.
This action is more than just symbolic. Previously, only Bitcoin, Ethereum, and Solana had CME futures. The inclusion of XRP is a turning point. The futures markets are an on-ramp to spot ETFs. Regulatory agencies have long been hesitant to approve an XRP ETF because there has not historically been an established futures market. That obstacle may finally be eliminated, paving the way for greater institutional exposure.
XRP’s long-term outlook
For the future, Changelly experts predict XRP will trade at levels ranging from $1.86 to $2.34 by 2025 with an average price at $2.82. April 2025 would itself have Ripple trading at $2.22 to $2.57 levels, averaging at $2.40, with an achievable 12.7% ROI in April alone. Long-term projections remain optimistic with caution.
Institutional interest is already warming. Teucrium’s 2x Daily Long XRP ETF (XXRP) hit $35 million AUM in just 10 days. CEO Sal Gilbertie called CME’s move a “milestone in the ecosystem’s evolution.” Ripples use case as a bridge for global value transfers through the Ripple Ledger adds real-world weight to its market activity, not just speculation.
