Russia's Moscow Exchange (MOEX) will roll out four new crypto indexes on May 13 — including one for XRP — as the altcoin trades near a key resistance level. The indexes cover XRP, Solana (SOL), Tron (TRX), and Binance Coin (BNB), giving traders in the region a regulated benchmark for these assets. The move comes as XRP price action draws attention from both technical traders and institutional investors eyeing the CLARITY Act and growing ETF inflows.
Four new indexes hit Moscow Exchange
MOEX, Russia's largest exchange by trading volume, will start publishing the indexes on Thursday. Each index tracks the ruble-denominated price of the respective crypto against a weighted basket. The exchange already offers indexes for Bitcoin and Ethereum; the expansion to XRP, Solana, Tron, and Binance Coin signals growing demand for structured crypto products in Russia, even as global regulatory scrutiny remains uneven. No further details on index methodology or weighting were released.
Ripple CTO moves away from crypto
In a candid public statement this week, Ripple CTO David Schwartz said he has moved most of his personal assets away from crypto, including XRP. “I hold very little XRP personally,” Schwartz said, adding that he has bought Ripple stock instead to gain exposure to the company. The disclosure is notable coming from the chief technology officer of one of crypto's most prominent firms, though Schwartz did not elaborate on his reasons. It doesn't change Ripple's corporate strategy, but it adds a human element to the XRP story at a time when price is pushing higher.
XRP price action and catalysts
XRP is hovering near the $1.40 resistance level after Bitcoin surged past $81,000. Daily trading volume is up 23%, but the increase suggests selling pressure as traders take profits near the zone. Support sits at $1.35 and $1.30, with the next major resistance around $1.50. The daily RSI is at 52 and sloping upward — building momentum without hitting overbought territory. External catalysts remain in play: the CLARITY Act, growing flows into XRP-focused ETFs, and expanding regulated access in markets like Russia. Whether the MOEX indexes will provide a near-term demand boost is unclear, but they add another layer of infrastructure for institutional allocators.
The indexes go live tomorrow. If XRP can hold above $1.35, the path to a retest of $1.50 stays open — but the selling pressure from the volume spike suggests it won't be a straight line.
