| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107207.8200000000 |
| ETH | $2431.6640000000 |
| BNB | $647.8264600000 |
| XRP | $2.1803770000 |
| ADA | $0.5635074000 |
| SOL | $150.3059000000 |
| DOGE | $N/A |
| DOT | $3.4067000000 |
| LTC | $86.0374000000 |
| LINK | $13.3486700000 |
Category: CRYPTO NEWS
The post CME Lists XRP Futures May 19; Price Eyes Key Levels appeared on BitcoinEthereumNews.com. CME’s XRP futures launch could boost institutional confidence in crypto markets. Key resistance at $2.25 suggests potential for a price breakout or consolidation. MACD and RSI hint at bullish momentum, but declining volume signals caution. CME Group’s move to launch XRP futures, set for May 19th pending final regulatory approval, could significantly boost institutional adoption in the crypto space. The exchange’s latest move, pending regulatory approval, introduces two contract sizes: a micro-futures option of 2,500 XRP and a standard 50,000 XRP futures contract. This dual-structure offers greater flexibility for institutions looking to hedge risk or gain direct XRP exposure. Adding XRP alongside its existing Bitcoin, Ether, and Solana futures not only diversifies CME’s crypto offerings but could pave the way for broader institutional legitimization of XRP. The launch signals growing confidence in XRP’s utility despite persistent regulatory headwinds surrounding the token. XRP Price Action: Key Levels Tested During Consolidation XRP traded lower on the day, closing near $2.19 after failing to sustain early gains. The asset began the day near $2.25 but quickly slipped into a declining pattern marked by lower highs and lower lows. This bearish momentum was briefly interrupted by a recovery rally, though it lacked the volume needed for a sustained reversal. Consequently, $2.25 now acts as significant overhead resistance, with sellers also active in the $2.22-$2.23 zone. On the downside, XRP found key support in the demand zone around $2.12. This level served as a critical bounce area, absorbing selling pressure during the pullback. Related: CME Leak Hints at XRP, Solana Futures Launch in February Intermediate support near $2.15 offered temporary stability before ultimately failing. This price action suggests XRP is range-bound, likely consolidating as traders await a catalyst – potentially the futures launch – to dictate the next directional move. Indicators Signal Cautious Optimism as…
2025-04-25T02:43:11+00:00