Chicago-based derivatives giant CME Group is on track to launch XRP-based futures later today.
Asreported by U.Today, the world's largest derivatives exchange urged XRP holders to mark their calendars last week.
The product was officially announced in late April following months of speculation.
The price is down 3.5% ahead of the launch. The token is currently changing hands at $2.31, according to CoinGecko data.
It remains to be seen how the launch of CME's futures will affect the XRP price.
When CME launched regulated Bitcoin futures, it marked the top of a major bull market cycle in early 2018.
