Latest news with #XRPFutures
Yahoo
20-05-2025
- Business
- Yahoo
XRP Futures Rack Up $1.5M Trading Volumes on CME Debut
XRP futures contracts began trading on CME Group's derivatives platform on May 19, recording at least $1.5 million in trading volume during the first session, a modest but notable debut for the major token. CME data shows 4 standard contracts (each representing 50,000 XRP) traded on day one, totaling around $480,000 in notional volume at an average price of $2.40. The majority of activity came from 106 micro contracts (2,500 XRP each), accounting for over $1 million in additional contracts are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, which is published daily at 4:00 P.M. London time. CME's dual contract structure is designed to attract both institutional players and smaller participants, offering flexibility for various hedging and trading strategies. "The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP," Ripple CEO Brad Garlinghouse posted on X on Monday. He added that Hidden Road executed the first block trade. The listing follows the CFTC's classification of XRP as a commodity, a regulatory green light that cleared the path for CME to offer these products. Analysts say the debut could also strengthen the case for a spot XRP ETF, with ETF Store president Nate Geraci saying such a product is 'only a matter of time.' While early volumes may appear modest, XRP's inclusion on CME widens market dynamics for the major token in terms of price discovery, similar to how price-action on BTC and ETH futures is impacted when the U.S. market opens. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
17-05-2025
- Business
- Business Upturn
XRP News: Buy $XDX As XRP Price Goes Up, XenDex Gets Ready To Unveil Its First DEX Version While Presale Nears End
By GlobeNewswire Published on May 17, 2025, 20:56 IST SYDNEY, May 17, 2025 (GLOBE NEWSWIRE) — As XRP dominates the headlines and bullish momentum accelerates, XenDex is emerging as one of the most promising DeFi projects on the XRP Ledger, and time is running out to join early. With its soft cap already filled and the hard cap nearly reached, the $XDX presale is entering its final phase. Early supporters are racing to secure tokens before listings go live and prices rise. Purchase $XDX At A low Price This surge in demand follows a series of game-changing developments: Judge Torres' favorable rulings, the SEC's lawsuit withdrawal, and ProShares' XRP Futures ETF approval. Market sentiment has never been stronger, with some analysts now predicting XRP could hit $1,000 in the long term as institutional interest pours in. Riding this momentum, XenDex is building what XRP has lacked, a complete DeFi ecosystem in one powerful, user-friendly platform. Version 1 is currently in development, and a full UI mockup will be released soon showcasing: AI Copy Trading Non-Custodial Lending & Borrowing Cross-Chain Trading (BNB, Solana, Ethereum) Staking & Yield Farming DAO Governance Join XenDex Presale Only $XDX presale buyers will get early access to the platform once it launches. Presale Details (Final Phase) Soft Cap: Filled Filled Hard Cap: Nearly Filled Nearly Filled Price: 1.25 XRP = 10 XDX 1.25 XRP = 10 XDX Minimum Buy: 150 XRP Buy XDX Before It Sells Out XenDex team has confirmed that XDX will be listed after presale on some major exchanges like: Binance, MEXC, BitMart, FirstLedger, MagneticX. With the XRP market booming as a result of the SEC's lawsuit withdrawal, Judge Torres' favorable rulings, and the approval of ProShares' XRP Futures ETF, combined with Brazil's first XRP Spot ETF, market confidence is soaring and many now believe XRP could hit $1,000 in the long run, XenDex is set to launch soon, this is your last chance to buy low before listings go live. Join the XDX movement: Website: Presale: Telegram: Twitter/X: Docs: Contact:Frank Richards [email protected] Disclaimer : This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Mayor
14-05-2025
- Business
- Business Mayor
XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP has gained significant momentum over the past several days, posting a sharp 24% rally since last week as bullish sentiment returns to the broader crypto market. With Bitcoin holding above $100K and Ethereum reclaiming the $2,200 mark, altcoins like XRP are beginning to show strength after months of subdued performance. Analysts are now calling for a potential breakout, emphasizing the importance of XRP reclaiming key resistance levels in the coming days to confirm a sustained move higher. Related Reading Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week, rising from $2.42 billion to $3.42 billion—a 41.6% increase. This spike suggests a growing wave of speculative interest and directional conviction among traders. As leverage builds, all eyes are on XRP's next move to determine whether this momentum can evolve into a full-blown rally. The rise in open interest alongside price appreciation often points to sustained bullish intent, adding weight to calls for a continued surge. With volatility returning to the altcoin market, XRP could be gearing up for one of its most critical breakouts in months. XRP Leads With Strong Momentum And Rising Leverage XRP is emerging as one of the strongest performers in the market, displaying remarkable resilience during recent downtrends and now showing clear strength in the current bullish environment. After consolidating through volatile conditions, XRP has surged above the $2.50 level, firmly positioning itself as a leader among large-cap altcoins. The price action remains tight, with bulls continuing to test the $2.60 zone while bears are unable to push the price below the new support levels formed near $2.35. This price compression, combined with broader market optimism, suggests that XRP may be gearing up for a major move. With Bitcoin consolidating near its all-time highs and Ethereum testing crucial resistance zones, analysts are paying close attention to XRP's trajectory. The altcoin market is heating up, and XRP's technical structure hints at a bullish expansion phase if current levels are maintained or reclaimed with volume. Supporting this bullish outlook is recent data from Glassnode, showing that XRP Futures Open Interest has soared by over $1 billion in the past week. It jumped from $2.42 billion to $3.42 billion—a 41.6% increase—coinciding with a price rally from $2.14 to $2.48. XRP Futures Open Interest | Source: Glassnode on X This surge in leverage underscores growing speculative interest and strong directional conviction among traders. Elevated open interest, particularly when paired with upward price movement, often signals sustained momentum and institutional participation. With XRP firmly above key support and showing signs of renewed investor confidence, the next few sessions could be pivotal for determining whether XRP will finally break out into a new macro trend. Related Reading
