XRP faced a moderate decline on May 5, slipping more than 1% to $1.40 and bringing its market cap to $86.66 billion. Traders are watching the CLARITY Act, but Jake Claver, Chairman of Digital Ascension Group, argued on the Good Evening Crypto podcast that a new law isn't necessary. The SEC and CFTC have already labeled XRP a digital commodity, he said — the market just needs to act on that.
Moscow Exchange to List XRP Index
Starting May 13, the Moscow Exchange will launch four new crypto indices featuring XRP alongside SOL, TRX, and BNB. Prices will be sourced from Binance, Bybit, OKX, and Bitget, and only professional investors will have access to related instruments. The move signals that a regulated exchange is treating XRP as a legitimate asset class.
Ripple Prime Joins DTCC Tokenization Initiative
Ripple Prime has become part of a DTCC-convened group of over 50 firms pushing tokenized securities into live production workflows. This is real infrastructure, not a pilot. Ripple's involvement deepens its footprint in institutional-grade tokenization.
ETF Inflows Continue: $3.87M in a Day
XRP ETFs recorded a net inflow of $3.87 million on May 4, pushing cumulative inflows past $1.29 billion. Bitwise led with $2.35 million, and Franklin added $1.52 million. While these are not XRP-specific products, rising institutional money in crypto tends to lift the broader market, including XRP.
Key Price Levels: $1.35 Support in Focus
Analysts outline a clear path: hold above $1.35–$1.38, and a retest of $1.45–$1.50 is possible. A break above $1.50 could target $1.60+. On the downside, losing $1.35 risks a slide to $1.28–$1.30, with $1.20 as the next floor in a deeper sell-off. The 24-hour trading volume stands at $2.19 billion, per CoinMarketCap — decent activity but not yet a breakout signal.
The convergence of SEC/CFTC regulatory clarity, Russia's index inclusion, and Ripple's role in DTCC-backed tokenization points to XRP being quietly embedded into institutional frameworks. The current dip may reflect short-term sentiment rather than a structural breakdown. The $1.35 support zone remains the key near-term test.