XRP Just Hit a Milestone — Regulated Futures Are Now Live on CME

XRP just hit a milestone—regulated futures are now live on the CME, one of the world's largest exchanges. This is the first regulated XRP futures contract in the U.S. and could be a game-changer for XRP's price

"@BradGarlinghouse is reporting that the launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP.

"As soon as CME trading for XRP futures began, the first large trade (block trade) was successfully processed by Hidden Road, a financial firm that acts as a clearing partner.

"The futures reached over $15.6 million in trading volume by 9:20 PM UTC. CME saw 120 standard contracts trade at around $2.40 each, totaling about $14.3 million (each contract equals 50,000 XRP).

"The launch of regulated futures contracts for XRP and Micro XRP on CME Group marks a significant milestone in cryptocurrency derivatives trading.

"It was a new addition to the world's largest derivatives market. Notably, these are the first regulated XRP futures contracts in the U.S.

"Earlier this year, CME announced its plans to introduce futures and options on Micro Bitcoin and Micro Ethereum to provide traders with more flexible trading options in increments of 0.1 standard Bitcoin or Ether contracts.

"Currently, CME offers futures contracts for Bitcoin, Ethereum, Solana, and Micro Bitcoin, along with options contracts for Bitcoin and Ethereum.

"Giovanni Vicioso, Head of Global Rates and Credit Products at CME Group, highlighted the growing interest from both institutional and retail traders in XRP and the XRPL ledger.

"Vicioso stated that to cater to this demand, they are expanding their cryptocurrency offerings with the launch of new futures contracts.

"These instruments provide investors with valuable tools to support their trading and risk management strategies in a rapidly evolving market landscape."

Since CME-traded XRP futures are now live, spot XRP ETFs are just a matter of time and could arrive soon, President of ETF Store Nate Geraci said.

Bitcoin price surged when Bitcoin launched on the CME futures market but quickly crashed. A similar reaction is expected for XRP, an initial price spike followed by a volume-driven correction.

However, XRP has remained muted to the announcement. Despite the lackluster price action, XRP bulls are optimistic over the new futures trading that could bring in more institutional money, boost volume, and ultimately price stability.

XRP is currently trading around $2.38, with bulls eyeing a return to $3, a level not seen since 2018. However, analyst Ali Martinez cautions that XRP could return to $2 if it loses the critical $2.30 support level. It is still facing pressure from its unsettled lawsuit that is yet to be finalized.

Any positive developments in the case could improve the chances of an XRP ETF approval shortly.