This is how it worked for me inside a ConstraintLayout:
<ImageView
android:id="@+id/myImg"
android:layout_width="300dp"
android:layout_height="300dp"
android:scaleType="fitCenter"
android:adjustViewBounds="true"/>
Then in code, I set the drawable as:
ImageView imgView = findViewById(R.id.myImg);
imgView.setImageDrawable(ResourcesCompat.getDrawable(getResources(), R.drawable.image_to_show, null));
This fits the image nicely according to its aspect ratio and keeps it in centre.