EddieJayonCrypto
19 May 25
Chicago-based CME Group is set to launch XRP-based futures today. The product was officially announced in late April after months of speculation. Currently, XRP's price is down 3.5% ahead of the launch, trading at $2.31. The impact of CME's futures launch on XRP's price remains uncertain. When CME l...
CME Group is set to launch XRP-based futures today, marking a major milestone for the cryptocurrency market. Ahead of the launch, XRP's price has dropped 3.5%, currently trading at $2.31. The effect of CME's XRP futures on the token's price remains uncertain, as historical CME futures launches have coincided with significant market cycles.
Chicago-based derivatives giant CME Group officially announced the XRP futures product in late April after months of speculation. Last week, CME urged XRP holders to mark their calendars for the launch date. Despite the anticipation, XRP's price has dipped ahead of the event, reflecting cautious market sentiment.
Looking back, CME's introduction of regulated Bitcoin futures in early 2018 aligned with the peak of a major bull market cycle. This precedent highlights the potential for futures products to influence price action, though the exact impact on XRP remains to be seen. Investors and market watchers will be closely monitoring XRP's price movements following today's launch to gauge market reaction and broader implications.