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The XRP price climbed 3% in the last 24 hours to trade at $2.18 as of 4:54 a.m. EST on trading volume that plunged 33% to $2.5 billion.
This comes as the CME Group, the world’s leading derivatives marketplace, announced that it plans to launch XRP futures on May 19, pending regulatory review.
🚨BREAKING: CME Group, the world's leading derivatives marketplace, today announced plans to launch #XRP futures on May 19! pic.twitter.com/1ewWhMniKh
— JackTheRippler ©️ (@RippleXrpie) April 24, 2025
CME Group XRP futures will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of XRP and is calculated daily at 4:00 p.m. London time.
The Ripple token is now part of the company’s crypto product suite, which includes BTC and Ether futures and options and the recently launched SOL futures.
With XRP now receiving continued attention from different institutions, can the Ripple token surge?
XRP Price Analysis – Breakout Signals A 51% Surge
The XRP price is currently breaking out of a descending triangle pattern, which typically signals a bullish continuation when broken to the upside.
The Ripple token price action has respected a series of higher lows while facing resistance around the $2.25–$2.30 zone.
After bouncing off the 200-day Simple Moving Average (SMA) and forming a textbook ABCD breakout structure, XRP is now testing the triangle’s upper boundary, as GeckoTerminal data shows.
This setup points to a potential bullish surge, especially if the price of XRP closes decisively above the $2.25 level.
Meanwhile, the 50-day SMA ($2.1902) acts as immediate resistance.
The Relative Strength Index (RSI) is neutral-bullish at 53.32, suggesting mild upward momentum without being overextended.
Moreover, the Moving Average Convergence Divergence (MACD) is also signaling bullish intentions: the blue MACD line (0.0010) is crossing above the orange signal line (-0.0258), and histogram bars are turning green, indicating building momentum.
With a confirmed breakout from the descending triangle and supporting signals from RSI and MACD, the price of the Ripple token could rally toward the $3.33 mark, an approximate 51.74% upside from the current level.
This aligns with the Fibonacci 0 level and the measured move projection from the triangle breakout.
Should the breakout fail, XRP may retest support near $1.90 or even $1.58.
Meanwhile, investors are also buying into a Layer-2 Solana project called Solaxy (SOLX), which popular YouTube channel 99Bitcoins, with over 724K subscribers, says has the potential to soar 100X post-launch.
Solaxy Presale Closes On $32 Million
Solana already boasts significantly lower fees compared to Ethereum, and now, with the development of its first-ever layer-2 chain, it’s poised to slash costs even further.
That is thanks to Solaxy, a new L2 that offloads computation from the Solana mainnet, easing congestion and reducing on-chain demand.
Solaxy is still in development, but it’s already raised $31.6 million in its presale, a sign of strong investor confidence in Solana-native scaling.
It recently announced the launch of a test network and a block explorer, showing the project is moving ahead at warp speed. The latest enhancements include improved transactions per second (TPS) rate, enhanced data throughput, and optimized rollup performance, all key steps as Solaxy gears up to elevate Solana’s efficiency as its first scaling solution.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
Its ambitions don’t stop there. Built with cross-chain technology, Solaxy merges the best of Solana and Ethereum.
Solaxy also offers holders who stake SOLX a huge annual yield of 128%.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001704 each using BNB, ETH, USDT, or a bank card.
Interested investors will want to buy SOLX before the next price hike in a little more than 2 hours.
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