On May 12, Ripple (XRP) trends upward at $2.40 bolstered by Bitcoin’s performance over $100,000. Bitcoin stabilises around $104,000 after a 10.44% gain last week, while Ethereum rises 6% expanding a 29% weekly increase. A $50 million SEC settlement could positively influence XRP. The Brazilian Stock Exchange plans to list Ethereum and Solana futures starting June 16, 2025. Investors should remain cautious amid volatile markets.
On May 12, Ripple (XRP) continued its impressive climb, reaching a price of $2.40. This upward movement appears largely driven by a bullish wave following Bitcoin’s (BTC) remarkable surge past the $100,000 mark last week. Analysts suggest buy signals could push XRP even higher, with an optimistic forecast targeting $3.00 in the near future.
Meanwhile, Bitcoin is currently holding steady at around $104,000 after a robust gain of 10.44% last week. This steady performance seems to have had a ripple effect, leading to Ethereum (ETH) and Ripple (XRP) enjoying impressive increases of 39% and almost 10%, respectively, throughout the same period.
Ethereum is also on the rise, with a Friday gain of 6%, contributing to a significant 29% increase this week alone. Investors have been showing heightened interest in the spot market, especially after observing a decline in ETH’s exchange reserves, which seems to have bolstered buying pressure considerably.
However, it’s important to note that this information comes with its own risks and uncertainties. FXStreet, which provided these insights, stresses that none of the content should be interpreted as a direct recommendation for buying or selling assets. Conducting thorough personal research is highly advised before making investment choices
In other news, the Brazilian Stock Exchange (B3) is gearing up to launch Ethereum and Solana futures contracts on June 16, 2025. This development follows recent regulatory approval from Brazil’s Comissão de Valores Mobiliários, marking a significant milestone for the cryptocurrency market in Latin America.
In a separate but relevant topic, Ripple could see its price hit $3 if a pending $50 million settlement with the SEC receives judicial approval. A collaborative motion has been filed in the US District Court to lift Ripple’s existing injunction and release $125 million in penalties currently held in escrow.
Looking back at Bitcoin, as of Friday, it’s stabilising around $103,000, reflecting nearly 10% gains this week. Bulls remain optimistic, targeting a jump to $105,000 in the next wave.
All these developments point to a vibrant and volatile market, making what lies ahead for stakeholders anything but predictable. Investors and traders alike will be keeping a close eye on these trends as they unfold, and it remains crucial to tread carefully in these turbulent waters of cryptocurrency investment.
