Ripple Price Prediction
XRP futures realize $2.4 million trading volume on CME launch.
Ripple (XRP) price trades broadly sideways around $2.34 on Tuesday, marking its second straight day of minor declines. This tight, range-bound action coincides with the launch of XRP futures on CME Group’s derivatives platform. CME Group received the green light to list XRP futures contracts after the Commodity Futures Trading Commission (CFTC) categorised XRP as a commodity. The product targeting institutional and retail traders is cash settled and relies on the CME's reference data, which is updated daily.
XRP’s price remained relatively flat even as other major assets, including Bitcoin (BTC) and Ethereum (ETH), ticked higher during the late American session on Monday and the Asian session on Tuesday.
The uptick followed a call between United States (US) President Donald Trump and Russia’s President Vladimir Putin on Monday. President Trump hinted at a Russia-Ukraine ceasefire, with the two conflicting nations expected to begin talks immediately.
The XRP futures contracts are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, which is established daily. This product, which has been designed for institutional and retail traders, boasts flexible hedging and trading strategies.
