The post Crypto.com XRP Contracts To Launch in 24 Hours, Will It Send Price to $3? appeared on BitcoinEthereumNews.com.

Crypto.com exchange plans to launch the XRP Crypto Event Contract for trading on February 14. Apart from this move’s benefits for the cryptocurrency exchange, it can bring some new use cases to XRP. In the long run, this may trigger an upside for the asset’s price amid a growing push for a new All-time-high (ATH). In a bull case scenario, analysts are looking at a $3 price level for the coin. This is hinged on the high affinity for XRP in the Crypto.com target market. The digital asset provider plans to list the XRP Event Contract under the United States Commodity Futures Trading Commission (CFTC) approval. Crypto.com has offered the same service for Bitcoin (BTC) over the past eleven years. – Advertisement – It also has similar products like the Touch Bracket Contracts on Bitcoin and Ethereum. These contract products also target Litecoin, Dogecoin, Shiba Inu, and Polkadot among others. It is worth noting that the XRP Crypto Event Contract is quite similar to the BTC and ETH Crypto Event Contracts. According to the filing, the incoming offering will have the same structure as other listed events contracts for Forex on the crypto exchange. The plan is to generate nine strike levels for the XRP Event Contract. Furthermore, the offering will have a settlement payout range from $10 to $100. In the meantime, Crypto.com has at least one market maker willing to provide liquidity for the XRP Crypto Event Contract. XRP ETF, XRP Trusts, and Institutional Leaning With the improvement in crypto regulations in the United States, investors have started nursing excitement about a potential XRP ETF. Nasdaq has applied with the SEC to obtain registration to exchange XRP and Litecoin using ETFs.  The filing, and many others like it, reflect the increasing interest in crypto solutions amongst institutional investors.…

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Filed under: News - @ February 15, 2025 7:10 pm