Key Notes
- CME noticed 4 normal XRP contracts traded, totaling $480K at round $2.40.
- An extra 106 micro contracts added over $1 million to the opening day quantity.
- XRP is presently buying and selling at $2.37, up greater than 3% within the final 24 hours.
XRP futures started buying and selling on the CME Group’s derivatives platform on Might 19, marking a significant milestone for the cryptocurrency’s mainstream adoption. The primary day of buying and selling noticed a minimum of $1.5 million in whole quantity.
In keeping with CME data, 4 normal XRP contracts, every representing 50,000 tokens, have been exchanged, equating to roughly $480,000 in notional quantity at a mean value of $2.40.
In the meantime, 106 micro contracts, every holding 2,500 XRP, added over $1 million to the session’s tally. All contracts are cash-settled and tied to the CME CF XRP-Greenback Reference Fee, revealed day by day at 4:00 PM London time.
CME’s dual-contract strategy goals to cater to each institutional hedge funds and retail merchants. The addition of XRP to CME’s suite of regulated choices locations the token in the identical league as Bitcoin and Ethereum futures, bringing elevated legitimacy.
Nate Geraci, President of The ETF Retailer, shared the information on X.
CME-traded XRP futures are actually *reside*…
CFTC-regulated contracts on XRP.
Spot XRP ETFs solely a matter of time. pic.twitter.com/MOhHtoGWbs
— Nate Geraci (@NateGeraci) May 19, 2025
Notably, a number of US-based corporations have submitted applications for a spot XRP ETF, though the SEC has but to take a place.
XRP Value Outlook
On the time of writing, XRP
XRP
$2.22
24h volatility:
0.8%
Market cap:
$129.99 B
Vol. 24h:
$2.17 B
is buying and selling round $2.37, up over 3% prior to now 24 hours. Since Donald Trump’s election victory in November 2024, the fourth largest cryptocurrency XRP has surged over 450%, largely pushed by institutional optimism.
On the day by day XRP price chart, RSI presently sits close to 53, indicating impartial momentum with out being overbought or oversold.
XRP day by day chart with RSI and Bollinger Bands | Supply: TradingView
The Bollinger Bands are starting to tighten, suggesting consolidation and a attainable breakout quickly. XRP is buying and selling across the center band (20-day SMA), appearing as an important help zone. If XRP fails to carry this degree and dips under the decrease band at $2.05, it might see a freefall to $1.83.
Nevertheless, a bullish breakout above the higher band at $2.61 might ship XRP to $2.85.
In the meantime, MACD evaluation exhibits a narrowing hole between the MACD line and the sign line, hinting at an upcoming crossover. If the MACD line crosses above the sign line, a bullish momentum shift may very well be confirmed.
XRP day by day chart with MACD | Supply: TradingView
Curiously, a bullish “Cup and Deal with” sample has fashioned from mid-February to mid-Might. The cup’s base lies round $1.85, and the rim peaks at about $2.60.
Cup and Deal with sample on XRP day by day chart | Supply: TradingView
The deal with’s formation is underway, and a breakout above $2.60 might affirm the transfer to $3.35, almost a 40% upside from present ranges.
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Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets over time. Parth can be an writer of 4 self-published books.
