CME Futures and ETF Hints Fuel Bullish Targets

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• XRP trades at $2.352 (+2.44% daily). Breakout above $2.45–$2.60 targets $3; drop below $2.25 risks $1.90 correction.
• Nasdaq’s XRP futures ETF and CME’s $35.8M contracts drive institutional interest amid spot ETF speculation.

XRP is trading at $2.352, up +2.44% in the past 24 hours, rebounding after a week of mild losses (-1.21% weekly performance).

On a broader scale, XRP remains one of the most resilient top-tier cryptocurrencies, showing +6.0% gains over the last month, and a remarkable +344.89% surge over the past year. XRP now boasts a market cap of $138.01 billion, with a 24-hour volume of $2.33 billion, signaling strong demand and continued investor interest.

Technically, XRP is forming a potential bullish structure, consolidating just below the $2.40 mark. A breakout above $2.45–$2.60 could trigger a move toward the $3.00+ zone, while a failure to hold above $2.25 might lead to deeper corrections, with technical targets pointing to $1.90–$1.55, according to Fibonacci-based projections.

Recent fundamental catalysts include:

• The launch of the first XRP futures ETF on Nasdaq, marking a pivotal institutional milestone.
• CME Group’s debut of XRP futures contracts, with 1,380 contracts and ~$35.8M in volume.
• Ongoing speculation around a spot XRP ETF, still under SEC review, which could accelerate capital inflows if approved.

Ripple CEO Brad Garlinghouse emphasized the importance of crypto ETFs in expanding institutional access and highlighted XRP’s increasing use in global settlement systems. Sentiment on TradingView remains optimistic, with traders predicting a medium-term move to $7–$12, should XRP break historical resistance and gain ETF-driven momentum.