CME XRP Futures Launch May 19: Micro & Standard Contracts Offered
- CME’s XRP futures launch could boost institutional confidence in crypto markets.
- Key resistance at $2.25 suggests potential for a price breakout or consolidation.
- MACD and RSI hint at bullish momentum, but declining volume signals caution.
CME Group’s move to launch XRP futures, set for May 19th pending final regulatory approval, could significantly boost institutional adoption in the crypto space. The exchange’s latest move, pending regulatory approval, introduces two contract sizes: a micro-futures option of 2,500 XRP and a standard 50,000 XRP futures contract. This dual-structure offers greater flexibility for institutions looking to hedge risk or gain direct XRP exposure.
Adding XRP alongside its existing Bitcoin, Ether, and Solana futures not only diversifies CME’s crypto offerings but could pave the way for broader institutional legitimization of XRP. The launch signals growing confidence in XRP’s utility despite persistent regulatory headwinds surrounding the token.
XRP Price Action: Key Levels Tested During Consolidation
XRP traded lower on the day, closing near $2.19 after failing to sustain early gains. The asset began the day near $2.25 bu…
The post CME XRP Futures Launch May 19: Micro & Standard Contracts Offered appeared first on Coin Edition.
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CME XRP Futures Launch May 19: Micro & Standard Contracts Offered
- CME’s XRP futures launch could boost institutional confidence in crypto markets.
- Key resistance at $2.25 suggests potential for a price breakout or consolidation.
- MACD and RSI hint at bullish momentum, but declining volume signals caution.
CME Group’s move to launch XRP futures, set for May 19th pending final regulatory approval, could significantly boost institutional adoption in the crypto space. The exchange’s latest move, pending regulatory approval, introduces two contract sizes: a micro-futures option of 2,500 XRP and a standard 50,000 XRP futures contract. This dual-structure offers greater flexibility for institutions looking to hedge risk or gain direct XRP exposure.
Adding XRP alongside its existing Bitcoin, Ether, and Solana futures not only diversifies CME’s crypto offerings but could pave the way for broader institutional legitimization of XRP. The launch signals growing confidence in XRP’s utility despite persistent regulatory headwinds surrounding the token.
XRP Price Action: Key Levels Tested During Consolidation
XRP traded lower on the day, closing near $2.19 after failing to sustain early gains. The asset began the day near $2.25 bu…
The post CME XRP Futures Launch May 19: Micro & Standard Contracts Offered appeared first on Coin Edition.
Читать больше