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- $XRP Futures are live on CME, with the launch coming as cryptocurrencies target rebound
- Ripple CEO Brad Garlinghouse says the launch is a “key institutional milestone for $XRP”
- The $XRP price could explode amid the development.
Ripple is notching yet another milestone in the market as regulated futures tracking its cryptocurrency $XRP go live on the Chicago Mercantile Exchange.
$XRP price may ride the launch to post a notable rebound, a scenario analysts say is likely to mirror the traction that greeted Bitcoin ($BTC) and Ethereum (ETH) futures going live on the CME.
Big news as $XRP Futures launch on the CME
The CME Group announced on May 19,2025 that the $XRP and Micro $XRP futures were now live on the exchange. CME’s announcement came as $XRP hovered near a key level.
That’s because the broader market was facing downside action following a volatile start to the week for risk-on assets. However, with market participants looking to bounce, $XRP holders received the positive news from CME.
Notably, the company has rolled out futures contracts for $XRP and Micro $XRP, allowing traders to leverage regulated products of the fourth-ranked altcoin.
Ripple CEO Brad Garlinghouse commented on the launch:
“The launch of regulated $XRP Futures on CME marks a key institutional milestone for $XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening!”
The launch of regulated $XRP Futures on @CMEGroup marks a key institutional milestone for $XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening! https://t.co/Njj8AUSY5K
— Brad Garlinghouse (@bgarlinghouse) May 19, 2025
$XRP price analysis
Currently, $XRP is trading at $2.34. Despite a 3.7% dip in the last 24 hours, daily volume is up 71% to over $4 billion. CME’s launch of regulated futures might be a fresh catalyst for $XRP price.
Analysts at Crypto Raven noted:
“$BTC pumped and dumped a significant amount right after launching on CME Future market, $XRP is launching today. We could see similar movements where the price could push high and immediately look for corrections. It might not be as steep as $BTC, but could be something significant.”
While $XRP has shed about 9% of its value in the past week, the top 10 altcoin by market cap have traded 13% up in the past 30 days. Furthermore, the Ripple token has ridden positive news since July 23 to break higher. Zooming out, in the past year, the $XRP price has jumped by more than 360%.
Institutional interest, amid potential spot exchange-traded fund (ETF) approval, combines with a broader market outlook to give bulls reason to target future gains. The cryptocurrency’s latest milestone, together with key launches in other markets such as Brazil, has $XRP nicely poised.
Ripple’s controversies
Even as $XRP’s future launch, Ripple’s troubles are far from over. The Securities and Exchange Commission (SEC) is still pursuing penalties against the company.
This is even after the company won a partial legal victory in terms of $XRP’s status in the secondary markets.
A US federal judge also had rejected Ripple’s and the SEC’s request to approve a $50 million settlement.