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XRP Awaits Breakout as CME Futures Launch Looms

  • XRP is trading sideways ahead of the launch of regulated XRP futures on the Chicago Mercantile Exchange (CME) on May 19, 2025.
  • Despite stable prices around $2.37, there is a surge in trading volume by 46.8% to $3.2 billion, indicating increased market activity and speculative interest.
  • CME's introduction of XRP futures is expected to boost institutional access and credibility, following the recent launch of Solana futures in March.
  • Technical indicators for XRP are currently neutral, with support at $2.30 and resistance at $2.60, signaling a potential breakout triggered by institutional demand post the CME futures launch.

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