The post CME Launches XRP Options And Outflows Deepen appeared on BitcoinEthereumNews.com.

XRP trades near $2.44 after losing triangle support, with $2.40 as the key defense zone. CME launches regulated XRP options, adding institutional access but near-term volatility risk. Coinglass data shows $39.8M in outflows, reflecting cautious accumulation as buyers wait for clarity. XRP price today trades near $2.44, down over 6% in the last 24 hours as the token extends its breakdown from a multi-month symmetrical triangle pattern. The decline followed a brief rebound attempt near $2.63, but sellers regained control after price failed to reclaim the 20-day EMA. The focus now turns to whether XRP can stabilize above its long-term ascending trendline around $2.40. XRP Price Weakens After Triangle Breakdown XRP Price Forecast (Source: TradingView) The daily chart shows XRP decisively breaking below the converging triangle structure that has governed price action since July. Immediate resistance now stands at $2.63, where the 100-day EMA intersects the lower boundary of the broken pattern. Overhead hurdles remain near $2.82 and $2.84, aligning with the 50-day and 20-day EMAs respectively. Related: Pi Price Prediction: Pi Struggles for Stability Near $0.21 If buyers fail to defend the $2.40–$2.45 region, the next support sits near $2.22 and deeper around $2.05, where the ascending trendline from March converges with historical accumulation zones. The RSI has retreated toward neutral territory, suggesting that momentum remains weak but not yet oversold. Volume trends confirm limited buyer participation following the breakdown, keeping pressure on the downside. CME Group Launches XRP Options In a major development for market accessibility, the CME Group has officially launched CFTC-regulated XRP and Solana options, expanding institutional trading opportunities for both assets. The move adds regulatory clarity and enables more sophisticated hedging and speculative strategies, but near-term sentiment has been muted as broader market weakness persists. Analysts note that derivatives listings often generate volatility in early…

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Filed under: News - @ October 14, 2025 4:31 pm