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The XRP price dropped a fraction of a percentage in the past 24 hours to trade at $2.27 as of 4:05 a.m. EST, despite a 26% rise in trading volume to $2.2 billion.
This development comes despite CME’s recently launched XRP futures garnering notable interest, highlighting XRP’s growing international appeal.
Since their debut last week, XRP futures have recorded a trading volume of 4,032 contracts, totaling $86.6 million in just the first six days.
XRP and Micro XRP futures are now live. Trade now and manage your exposure to one of today's leading cryptocurrencies. ➡️ https://t.co/TAiMXstCuU pic.twitter.com/G2lAWubrG4
— CME Active Trader (@CMEActiveTrader) May 19, 2025
Such a move adds optimism to the XRP army, as traders will gain exposure to the Ripple token without actually owning it.
XRP Price In A Consolidation, Gears Up For A Breakout
The XRP price has been trading within a well-defined falling wedge pattern from the beginning of the year, which shows that the asset has been confined within a healthy retracement.
However, the bulls gained some control, pushing the Ripple token price above the wedge at the $2.15 mark, which is a key breakout zone, as GeckoTerminal data shows.
After the breakout, XRP has been consolidating around the current price ($2.25) zone and above both the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the asset is currently poised for a breakout above.
Conversely, the Relative Strength Index (RSI) seems to be in a neutral zone around 45, which supports the sentiment that the price of the Ripple token is currently moving sideways.
If the bulls take charge of the price at this level, XRP could surge, breaching the 0.236 Fibonacci level at $2.69, as it aims for its all-time high level at $3.36, a 46% surge from the current level.
However, if the bears take control, the XRP price could go back to trading within the levels of the falling wedge around $2.09.
Meanwhile, traders are rushing to buy the viral presale for Solaxy (SOLX). The project’s ICO, which is on its last leg, has already raised $42 million and is looking to smash $43 million soon.
That is why, 99Bitcoins, a prominent crypto YouTube channel with over 123K subscribers, predicts SOLX will soar 100X after its launch.
Solaxy Presale Raises $42 Million – First Layer-2 On Solana Gains Momentum
Built to improve scalability on Solana, Solaxy uses off-chain processing to bundle transactions before submitting them to the mainnet for verification.
While Solana handles thousands of transactions per second, its performance drops during network congestion. Solaxy addresses this by applying a model proven by Ethereum’s layer-2 projects like Arbitrum and Optimism.
The team recently launched its testnet, blockchain explorer, and cross-chain bridge, which allows users to simulate bridging ETH or SOL into the Solaxy ecosystem.
SOLX tokens are currently priced at $0.001738 and can be purchased using BNB, ETH, USDT, or card through the simple buy widget on the project’s website.
Investors can also earn a lucrative passive income with the 96% staking APY on offer to presale buyers.
The SOLX token will launch on major exchanges in just 18 days, so interested investors should buy now before time runs out.
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