XRP Futures have debuted on CME, signifying increased institutional engagement and credibility for the cryptocurrency in regulated financial markets.
Institutional prime broker Hidden Road completed the first block trade on the platform, indicating the entry of significant players into the XRP market.
Despite XRP's stagnant price at $2.34, historical indicators suggest the potential for a significant surge in price in the long term.
Market analysts believe that XRP's technical indicators point towards a bullish outcome, with a potential price target of $27 based on past performance and institutional support.