XRP futures are now live on the Chicago Mercantile Exchange (CME), marking a significant institutional milestone for the cryptocurrency.
The XRP price is expected to rebound following the launch, with analysts predicting a positive movement similar to Bitcoin and Ethereum futures' impact on the market.
Ripple CEO Brad Garlinghouse expressed excitement over the launch, highlighting the importance of regulated XRP futures on CME and reporting the first block trade by Hidden Road.
Despite recent fluctuations, XRP is currently trading at $2.34 with increased daily volume, suggesting that CME's launch of regulated futures could act as a catalyst for potential price growth.