📈 Market overview in the last 24 hours
In the past 24 hours, the cryptocurrency market has rebounded strongly after a correction, led by Bitcoin (BTC). As of 23:15 on 18/05/2025, BTC is trading around $105,532, up +2.43%. This rebound comes after the Federal Reserve announced it would maintain stable interest rates – a strong supportive signal for risk assets like crypto.
Investor sentiment is turning positive. Many altcoins have impressive gains, however, the market still harbors significant volatility in the next 72 hours due to macro factors and special events related to XRP.
🧨 Notable event: CME launches XRP futures contract – 19/05/2025
Tomorrow, CME Group – the world's largest derivatives exchange – will officially list XRP futures contracts. This is an important milestone marking the recognition of XRP by the traditional financial market.
🔍 Details:
• Trading start time: Early morning 19/05 (VN time).
• Type of contract:
• Micro XRP Futures (2,500 XRP)
• Standard XRP Futures (50,000 XRP)
• Payment: In cash, based on the CME CF XRP-USD index.
• Trading platforms: CME Globex and ClearPort.
📊 Expected impact:
• Positive: Increased liquidity, attracting institutional money flow, helping stabilize XRP's price in the long term.
• Risk: The phenomenon of 'buy the rumor, sell the news' may occur after the contract is listed.
• Recent XRP price: Strongly increased to ~$2.65 before correcting to ~$2.35 (18/5).
⚖️ Legal factors to watch:
• Ripple continues to be embroiled in a lawsuit with the SEC.
• The court has rejected the request to reduce the penalty, maintaining the proposed $2 billion fine.
• However, CME's launch of the contract shows that large financial institutions are no longer avoiding XRP.
🔮 Next 72h: Events and risks to note
1. Speech by Fed Chair Jerome Powell (21/05): May reveal the next monetary policy direction – directly affecting the cryptocurrency market.
2. Speculation about memecoin related to Truth Social (Trump): If confirmed, money flow may heavily shift to the meme group.
3. Volatility due to new XRP futures: The participation of derivative traders may cause XRP's price to fluctuate wildly in the short term.
🧭 Proposed trading strategy
1. With XRP:
• Observe first – do not fomo.
• Should wait for XRP's price reaction after the listing event (about 12–24h), avoid chasing purchases.
• Trade based on price and volume signals:
• If XRP surpasses $2.50 with high volume → can consider short-term Long.
• If it cannot hold the $2.30 range → a correction to $2.00–$2.10 may occur.
2. With the general market:
• BTC: Surpassing $105K is a positive signal, but the $108K–$110K range is strong resistance.
• Strategy:
• Should not open large positions when major events have not occurred.
• Prioritize short-term trading in the M15–H1 timeframe.
• Minimum R:R ratio of 1:2, do not use more than 3% of capital per trade.
📌 Conclusion
The CME launch of XRP futures contracts could become a 'catalyst' for a wave of strong volatility in the crypto market this week. This is a time to assess objectively – act cautiously – and optimize risk management.
The information in this article is not investment advice. Please consider carefully before entering a trade.