XRP Futures Soar to $1.5 Million on Launch Day — Is a Surge to $3 Coming Next?

Updated

May 21, 2025

Gambar XRP Futures Soar to $1.5 Million on Launch Day — Is a Surge to $3 Coming Next?

Jakarta, Pintu News – As reported by Coinspeaker (5/20/25), XRP futures began trading on CME Group’s derivatives platform on May 19, 2025, marking an important milestone in the adoption of XRP in mainstream markets.

This is because on the first day of trading, the total transaction volume was recorded at at least $1.5 million.

Launch of Ripple (XRP) Futures

Based on data from CME, four standard XRP contracts-each representing 50,000 tokens-have been traded, with a face value of approximately $480,000 based on an average price of $2.40 per token.

At the same time, a total of 106 micro contracts, each containing 2,500 XRP, added over $1 million to the day’s total trading volume.

All of these contracts are cash-settled and reference the CME CF XRP-Dollar Reference Rate, which is published daily at 4 p.m. London time.

CME’s approach of using two types of contracts is aimed at reaching both institutional investors such as hedge funds and retail traders.

The addition of XRP to CME’s regulated derivatives lineup puts the token on par with Bitcoin and Ethereum in terms of market legitimacy.

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

Nate Geraci, President of The ETF Store, shared this news via the X platform.

Interestingly, a number of US-based companies have applied for spot-based XRP ETFs, although the SEC has yet to make an official decision.

XRP Price Outlook

As of May 20, 2025, XRP is trading at around $2.37, up more than 3% in the last 24 hours.

Since Donald Trump’s election victory in November 2024, the fourth-largest cryptocurrency has surged more than 450%, largely driven by institutional optimism.

xrp price prediction today — Source: TradingView via CoinSpeaker

In the daily chart of XRP prices, the RSI indicator hovers around 53, signaling neutral momentum – neither overbought nor oversold.

The Bollinger Bands have started to narrow, which hints at a consolidation phase and the potential for a big move in the near future. XRP is currently moving around the midline (20-day SMA), which acts as an important support zone.

If the price is unable to hold above this level and drops below the lower band at $2.05, then XRP could free fall all the way down to $1.83.

However, if there is an upward breakout above the upper band at $2.61, then XRP prices could potentially rise to $2.85.

Meanwhile, MACD analysis shows a narrowing gap between the MACD line and the signal line, indicating a possible crossover. If the MACD line crosses the signal line from bottom to top, then a shift to bullish momentum can be confirmed.

Interestingly, a bullish “Cup and Handle” pattern has been forming since mid-February to mid-May. The base of the “cup” was around $1.85, with a peak around $2.60.

Currently, the “handle” part is in the process of forming, and in case of a breakout above $2.60, this pattern could be confirmed with a price target around $3.35-a nearly 40% increase from the current level.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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