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- Futures XRP on CME has reached a volume of $ 542 million, indicating the strong global interest of investors.
- Ripple’s Rlusd Stablecoin increases XRP’s liquidity and institutional acceptance.
Wave [XRP] It makes waves on the market because its newly launched futures contracts on the CME group get an impressive traction.
Since their debut on May 19, both standard and Micro XRP futures attracted significant interest of institutional and retail participants.
XRP Futures Futures Record CME Group
The debut XRP on CME naturally wasn’t quiet.
The first day recorded The volume of $ 19.3 million, with contributions of 15 institutions and four retail platforms.
In fact, in just months since launched, XRP Futures CME Group recorded an impressive volume of trading of $ 542 million.
Source: CME Group
Interestingly, 45% of business activities came from external North America and strengthened the growing global attraction of XRP.
The open interest has also increased to $ 70.5 million, which signals continuing investors’ confidence.
As already mentioned, the start of these contracts that come as standard (50,000 XRP) and micro (2,500 XRP) adds to the expansion portfolio Bitcoin [BTC], Ethereum [ETH]and Solan [SOL].
What lies before us
In addition, the foundations of XRP are given new attention this year.
The XRP activity has seen a noticeable increase with higher daily transactions and growing active addresses.
Ripple’s acquisition of $ 1.25 billion dollars of Prime BROKERAGE HIDDEN Road meant a strategic leap. Its aim is to integrate XRP into a cross marginal between traditions and digital assets.
Ripple’s Stablecoin, Rlusd, natively built on XRPL, has increased liquidity and transaction demand across the network.
Together, these movements have intensified the XRP reputation as a scalable and efficient cross -border asset.
Action XRP Price
Meanwhile, although XRP slipped For $ 2.18, at the time of printing, with a lower decline of 0.33% in the last 24 hours, technical signals still point to the ongoing bull dynamics.
Yet MacD remained above zero, and green histograms persisted, suggesting that the bull momentum has not yet completely disappeared.
Source: Looking at trading
However, Asset stands at a critical technical moment.
Is it a peak? The analyst raises the red flag!
In fact, some market voices are already urging caution.
Award -winning market analyst Peter Brandt has warned That a weekly XRP graph can create a pattern of reverse head and shoulder, usually considered a bear indicator.
So if the price falls below $ 1.80, it could verify the formula and indicate at the next pressure downwards.
Meanwhile, XRP on the edge of the knife on the edge of the knife, and the next step is likely to form short -term investors’ confidence.
