XRP News Today: Ripple Sparks Bullish Price Prediction as CME Unveils XRP Futures
The post XRP News Today: Ripple Sparks Bullish Price Prediction as CME Unveils XRP Futures appeared on BitcoinEthereumNews.com.
The crypto market is abuzz with fresh optimism as Ripple’s XRP inches closer to institutional recognition, following news that the CME Group—the world’s largest derivatives exchange—is preparing to launch XRP futures. Slated for a May 19 debut, the move could significantly reshape the Ripple market and bolster long-term XRP value projections. CME Prepares for XRP Futures Launch CME Group confirmed plans to roll out cash-settled XRP futures, pending regulatory approval. This development positions XRP alongside other major digital assets like Bitcoin, Ethereum, and Solana already featured in CME’s crypto derivatives portfolio. The contracts will be offered in two sizes: 2,500 XRP and 50,000 XRP, both settled against the CME CF XRP-Dollar Reference Rate, calculated at 4 PM London time. CME Group announced it will launch regulated, capital-efficient XRP futures on May 19, offering both large and micro contract options for flexible exposure. Source: CME Group via X Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, emphasized the rationale behind the product launch. “Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows,” he said. “We are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies.” Ripple CEO Hails Move as a “Milestone” Ripple CEO Brad Garlinghouse welcomed the news as “an incredibly important and exciting step” towards the future development of the XRP market. The listing of XRP futures would, for the first time, allow institutions to access regulated exposure to the Ripple-linked asset, a milestone in Ripple XRP news. Ripple CEO Brad Garlinghouse called the upcoming XRP futures launch a long-overdue but significant and exciting milestone for the XRP market’s growth. Source: Brad Garlinghouse via X The timing also comes in sync with a shifting regulatory climate…
Filed under: News - @ April 25, 2025 5:26 pm