#XRPUSDT

Price: $2.3944 (+2.17%)

Market Cap: $140.54B (#4)

24H Volume: $3.54B

XRP futures debuted on CME with a trading volume reaching 19 million USD, increasing the likelihood of spot ETF approval.

Ripple's XRP Futures debuted on the Chicago Mercantile Exchange (CME) with a trading volume of $19 million, marking the first regulated Futures trading for XRP. The launch saw 150 contracts traded, but volume dropped 50% the following day. XRP’s performance outpaced Solana's Futures debut and mirrored top crypto assets. The launch may enhance the likelihood of U.S. Spot ETF approval, with odds increasing from 63% to 83%. However, XRP's Open Interest has declined, indicating short-term bearish sentiment amidst rising Bitcoin dominance.