- CME Group will launch XRP futures on May 19, expanding institutional access to the XRP token.
- The Federal Reserve’s relaxed crypto policy paves the way for broader RLUSD adoption.
- Technical indicators show bullish momentum, with short-term targets near $2.50 and $3.
In a major institutional win, CME Group, the world’s leading derivatives marketplace, has announced the launch of XRP futures on May 19, pending regulatory clearance.
The launch will offer traders two cash-settled contract sizes: a micro contract (2,500 XRP) and a standard contract (50,000 XRP), both priced using the CME CF XRP-Dollar reference rate. This comes as CME expands its crypto derivatives suite, which already includes Bitcoin, Ether, and more recently, Solana futures. Giovanni Vicioso, CME’s Global Head of Cryptocurrency Products, stated:
“Interest in XRP has steadily increased as institutional and retail adoption for the network grows… We are pleased to launch these new futures contracts to support clients’ investment and hedging strategies.”
Regulatory Tailwinds & RLUSD Growth Charts XRP’s Path to $10
Beyond the futures market, a major shift in the US regulatory landscape may unlock new momentum for XRP. The Federal Reserve’s decision to drop the requirement for US banks to notify or seek prior approval for crypto and stablecoin activity will be a game-changer. The Fed will now rely on just standard supervision, lifting a key layer of uncertainty that often complicated crypto-banking relationships.
Related: Ripple’s Monica Long on XRP Utility & Why Regulatory Clarity Precedes IPO
This policy shift happens alongside the rise of Ripple’s RLUSD stablecoin gaining traction across markets. RLUSD recently saw a 45% surge in volume, taking its market cap to $294 million. Crypto analyst BarriC believes these factors – easing regulations, growing institutional adoption (boosted by CME futures), and RLUSD integration – will chart XRP’s path to $10 by the end of 2025.
XRP Technical Analysis: Consolidation Near Resistance, Bullish Signals
Based on the daily XRP/USDT chart from TradingView, XRP is currently trading at $2.19, showing signs of consolidation after a minor rally.
The price is hovering near the upper Bollinger Band at $2.29, indicating short-term resistance. The midline support sits around $2.07, while the lower Band offers support near $1.86.
Meanwhile, the MACD indicator shows that a bullish crossover had recently occurred, with the MACD line rising above the signal line, turning the histogram bullish.
Related: CME XRP Futures Launch May 19: Micro & Standard Contracts Offered
If XRP breaks above the upper Bollinger Band resistance and sustains volume, the next psychological and technical resistance lies at $2.50, followed by $3. A successful breakout above $3 could open the path to $5 in mid-term and $10 by late 2025, fueled by CME futures activity and RLUSD adoption.
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