XRP futures began trading on the CME Group’s derivatives platform on May 19, marking a major milestone for the cryptocurrency’s mainstream adoption. The first day of trading saw at least $1.5 million in total volume.
According to CME data, four standard XRP contracts, each representing 50,000 tokens, were exchanged, equating to roughly $480,000 in notional volume at an average price of $2.40.
Meanwhile, 106 micro contracts, each holding 2,500 XRP, added over $1 million to the session’s tally. All contracts are cash-settled and tied to the CME CF XRP-Dollar Reference Rate, published daily at 4:00 PM London time.
CME’s dual-contract approach aims to cater to both institutional hedge funds and retail traders. The addition of XRP to CME’s suite of regulated offerings places the token in the same league as Bitcoin and Ethereum futures, bringing increased legitimacy.
Nate Geraci, President of The ETF Store, shared the news on X.
CME-traded XRP futures are now *live*…
CFTC-regulated contracts on XRP.
Spot XRP ETFs only a matter of time. pic.twitter.com/MOhHtoGWbs
— Nate Geraci (@NateGeraci) May 19, 2025
Notably, several US-based firms have submitted applications for a spot XRP ETF, although the SEC has yet to take a position.
XRP Price Outlook
At the time of writing, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B is trading around $2.37, up over 3% in the past 24 hours. Since Donald Trump’s election victory in November 2024, the fourth largest cryptocurrency XRP has surged over 450%, largely driven by institutional optimism.
On the daily XRP price chart, RSI currently sits near 53, indicating neutral momentum without being overbought or oversold.
XRP daily chart with RSI and Bollinger Bands | Source: TradingView
The Bollinger Bands are beginning to tighten, suggesting consolidation and a possible breakout soon. XRP is trading around the middle band (20-day SMA), acting as a crucial support zone. If XRP fails to hold this level and dips below the lower band at $2.05, it could see a freefall to $1.83.
However, a bullish breakout above the upper band at $2.61 could send XRP to $2.85.
Meanwhile, MACD analysis shows a narrowing gap between the MACD line and the signal line, hinting at an upcoming crossover. If the MACD line crosses above the signal line, a bullish momentum shift could be confirmed.
XRP daily chart with MACD | Source: TradingView
Interestingly, a bullish “Cup and Handle” pattern has formed from mid-February to mid-May. The cup’s base lies around $1.85, and the rim peaks at about $2.60.
Cup and Handle pattern on XRP daily chart | Source: TradingView
The handle’s formation is underway, and a breakout above $2.60 could confirm the move to $3.35, nearly a 40% upside from current levels.
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Solaxy ($SOLX) Quietly Gains Momentum Amid XRP Buzz
While XRP dominates headlines, Solaxy ($SOLX) is gaining traction as a next-gen Layer 2 scaling solution tailored for the Solana blockchain.
Designed to tackle network congestion, scalability bottlenecks, and reliability issues, Solaxy processes transactions off-chain. Then, it compiles them into optimized batches and securely settles them on Solana’s mainnet, delivering high efficiency without sacrificing security.
$SOLX Tokenomics and Presale
Solaxy’s presale has already raised an impressive $38 million out of its $38.7 million goal. It offers a compelling 112% APY, with over 10 billion tokens staked to date.
Presale Details
Token Price: $0.001724
Funds Raised: $38 million
Payment Methods: Crypto, Card
Ticker: SOLX
Chain: Solana
With only 27 days left before a potential token price hike, early adopters are racing to get in. Solaxy is quietly preparing to revolutionize the Solana ecosystem from the ground up.
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