Concerns Raised Over XRP Futures Impact on Price

Analysts are expressing worries about the potential negative impact of XRP Futures on the price of XRP. While some see it as a move towards wider adoption, others caution that cash-settled futures could open the door to market manipulation, possibly resulting in a significant price drop similar to past occurrences with Bitcoin and Ethereum. This discussion comes as the Chicago Mercantile Exchange (CME) recently launched XRP futures contracts. An analyst known as Pumpius highlighted the risks associated with XRP Futures, such as naked shorting and rehypothecation, which could artificially suppress the price. Historical data from the introduction of Bitcoin and Ethereum futures show a pattern of price declines following their launch. Despite these concerns, some believe that XRP Futures could enhance liquidity and eventually lead to the approval of a spot XRP ETF. As of now, XRP's price has not experienced a major decline, with a 2.1% increase reported recently. Read more AI-generated news on: https://app.chaingpt.org/news