CME launched XRP futures contracts with over $30 million in trading volume, sparking ETF speculation and institutional interest.
XRP price is anticipated to rally towards $4.90 as analysts predict bullish momentum following technical patterns.
The XRP futures contracts on CME are cash-settled and include both standard (50,000 XRP) and micro (2,500 XRP) sizes, linked to the CME CF XRP-Dollar Reference Rate.
The surge of interest in XRP futures has rejuvenated discussions about a potential spot XRP ETF, as regulated futures often pave the way for ETF approval, similar to Bitcoin and Ethereum.