• CONTACT
  • Privacy Policy
  • Blog
  • Terms & Conditions
  • About Us
Crypto Tag News
  • Home
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
Reading: XRP Futures Launch With $1.5M Volume — Will XRP Hit $3?
Share
  • bitcoinBitcoin(BTC)$105,580.00
  • ethereumEthereum(ETH)$2,435.12
  • tetherTether(USDT)$1.00
  • rippleXRP(XRP)$2.20
  • binancecoinBNB(BNB)$642.86
  • solanaSolana(SOL)$143.54
  • usd-coinUSDC(USDC)$1.00
  • tronTRON(TRX)$0.274458
  • dogecoinDogecoin(DOGE)$0.163760
  • staked-etherLido Staked Ether(STETH)$2,436.22
Crypto Tag NewsCrypto Tag News
Aa
  • Home
  • Blockchain
  • Crypto
  • Market
Search
  • Home
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
Have an existing account? Sign In
Follow US
© Crypto Tag NEWS. All Rights Reserved.
Crypto Tag News > Blog > Crypto > XRP Futures Launch With $1.5M Volume — Will XRP Hit $3?
Crypto

XRP Futures Launch With $1.5M Volume — Will XRP Hit $3?

snifferius
Last updated: 2025/05/20 at 10:07 AM
snifferius Published May 20, 2025
Share


Contents
Key NotesXRP Price OutlookSolaxy ($SOLX) Quietly Gains Momentum Amid XRP Buzz$SOLX Tokenomics and Presale

Key Notes

  • CME saw four standard XRP contracts traded, totaling $480K at around $2.40.
  • An additional 106 micro contracts added over $1 million to the opening day volume.
  • XRP is currently trading at $2.37, up more than 3% in the last 24 hours.

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.


Note: this is a sponsored message from our partners

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.

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News, XRP News

Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

You Might Also Like

Immutable Tops Again In 7-Day NFT Trading Sales Volume

Texas to Allocate $10 Million to Buy Bitcoin in Strategic Reserve

Movement Crypto Shines as MOVE Spikes 40%: Here’s Why

Bitcoin Tests $106K on Middle East Ceasefire Agreement 

FX option expiries for 24 June 10am New York cut

TAGGED: 1.5M, Futures, hit, launch, volume, XRP

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article South Korean presidential front-runner proposes won-based stablecoin
Next Article Iconic NFT Game Axie Infinity Launches New NFT Accessories
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
8 Real Estate Side Hustles That Can Earn an Extra $100K or More
Understanding Bitcoin: A Beginner’s Guide to the World of Cryptocurrency
Exploring the Impact of Cryptocurrency Regulations on Global Finance

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Crypto Tag News

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image

© Crypto Tag NEWS. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?