- The Chicago Mercantile Exchange (CME) will launch XRP futures on May 19, a major step that boosts XRP’s institutional appeal and places it alongside Bitcoin and Ethereum
- This development has reignited speculation around an XRP Spot ETF, with analysts and market watchers eyeing bullish price targets between $2.50 and $8.08 amid growing regulatory optimism and strong technical indicators.
The Chicago Mercantile Exchange (CME) just released a groundbreaking announcement that has left the XRP community abuzz. Ass per the announcement, starting May 19, CME will officially launch XRP futures contracts.
According to many, this move will be a stepping stone towards XRP’s growth and broader institutional acceptance.
Notably, in order for investors to finetune their exposure, the new XRP futures will be available in both standards and micro sizes. With this move on the horizon, places XRP in the same league as top cryptocurrencies including Bitcoin and Ethereum, both of which have CME futures and now enjoy Spot ETF approval.
This is a big step foward for XRP, its not just a trading feature but a step toward maturity in the eyes of institutional investors and regulators alike.
It is worth mentioning that XRP futures were only available on Bitnomial and Coinbase which are far smaller platforms compared to CME’s globally respected status. CME ‘s involvement which Ripple CEO Brad Garlinghouse calls it a “long overdue” yet essential step step will build confidence and infrastructure around the token.
XRP ETF Speculation Gains Momentum
Perhaps even more compelling is how this development fuels renewed speculation around a potential XRP Spot ETF. Analysts note that the SEC often looks favorably on assets that have futures listed on well-regulated exchanges.
CME’s inclusion of XRP could tick a box on one of the key regulatory prerequisites that previously helped pave the way for Bitcoin and Ethereum ETFs.
The real advantage is still to be revealed. Paul Atkins recently appointed as the new SEC Chair. This sees the regulatory tone around crypto assets shift towards a more open and with a progressive stance.
Market pundits believe that the crypto community could witness the approval of XRP and Solana ETFs take place as early as mid-to-late 2025.
Analysts Call for Bullish Breakout
According to recent technical analysis, XRP is flashing strong bullish signals, and the chart is “ripe for going long.” Analysts have identified a high-probability setup, suggesting a significant upward movement could be imminent. While some strategies reference leveraged trading, spot traders are advised to focus on conservative entry points and responsible risk management.
Here are the key price targets for spot traders to watch:
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$2.50
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$3.02
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$4.51
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$6.29
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$8.08
A suggested stop-loss is a weekly close below $1.95, though traders should tailor their risk parameters according to personal strategy.
At the time of writing, XRP is swapping hands with $2.19, a 2.37% and 5.55% surge in the past 24 hours and week respectively. This leaves the 4th digital asset with a $127.99B market cap and a $3.87B trading volume.
