🗓️ Here’s your #XRP Report for the week: 💼 CME Group XRP Futures Go Live 🔹 XRP futures are now trading on CME Group, with Monday’s debut session generating over $2.4 million in trading volume. 🔹 Standard contracts (50,000 XRP): 9 traded (~$1M in volume at $2.35) 🔹 Micro contracts (2,500 XRP): 236 traded ($1.38M in volume) 🔹 These cash-settled contracts, benchmarked to the CME CF XRP-Dollar Reference Rate, offer a regulated way for institutions and traders to hedge or gain exposure to XRP. 🗣️ Ripple CEO Brad Garlinghouse called the launch a "key institutional milestone" for XRP. 👀 Market Watch: XRP Tests Support 🔹 After reaching $2.65 last week, XRP has cooled to $2.34, hovering just above its 50-day EMA at $2.28. 📊 Next key levels: 🔹 100-day EMA: $2.26 🔹 200-day EMA: $2.04 🔹 Sentiment remains mixed as Ripple’s legal saga continues, most recently with a judge denying #Ripple and the SEC’s motion to dissolve a $125M penalty in favor of a $50M settlement. 💬 Are institutions about to reshape the XRP market, or will technical headwinds hold it back? 👇 Drop your take below! $XRP #XRPArmy #XRPCommunity #XRPHolders #XRPLedger #Altcoins #DeFi #Blockchain

64.76K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.