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XRP price has stayed in the red today amid a broader crypto market selloff but still maintained above the $3 level. Notably, the anticipation over another robust rally comes as speculations soar over a potential end in the Ripple Vs SEC case.
The cryptocurrency market has been awaiting positive moves on its charts, as investors and traders anticipate concrete implementations of the digital assets infrastructure by the Trump government. After the success of Bitcoin and Ethereum ETFs, the business now expects Solana and XRP ETFs.
President Donald Trump's “Make America Great Again” slogan has dominated his presidential campaign. However, his recent speech disappointed many crypto fans as there was no mention of a Bitcoin Reserve or even a reference to crypto.
Market speculation and volatility may increase as investors anticipate potential new futures offerings, impacting XRP and Solana's market dynamics. The post CME Group clarifies no official decision made on XRP, Solana futures contracts appeared first on Crypto Briefing.
XRP trades at $3.10 in January 2025, approaching its all-time high amid multiple bullish analyst predictions ranging from $3.80 to $30
In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.
XRP is at a crucial juncture, with its price either poised for a massive breakout or possibly marking the end of an internal corrective rally. The scenario could play out in two ways: a bullish continuation to the upside or a corrective pullback.
The Chicago Mercantile Exchange (CME) Group has clarified that no official decision has been made regarding the launch of futures contracts for Solana (SOL) and XRP (XRP).
CME Group's staging website revealed plans for a February 10 launch of XRP and Solana futures contracts with both standard and micro sizes, though the exchange has not officially confirmed the information.
XRP maintains $3 support level amid exchange outflows and approaching CME futures listing
Washington-based non-profit Better Markets, which is focused on promoting "public interests" in financial markets, has filed an amicus brief in support of the U.S. Securities and Exchange's appeal against Ripple.
Better Markets has filed an amicus brief supporting the SEC's appeal against Ripple Labs, arguing that retail XRP sales qualify as securities under the Howey Test
The non-profit has backed the SEC's appeal against Ripple, seeking to overturn a key district court ruling.
The CME Group is reportedly gearing up to launch Futures ETFs tied to XRP and Solana, with a tentative release date of February 10, 2024, pending regulatory approval. This came just after Trump's inauguration and Ripple's closed-door meeting held this month the factors are hinting something bigger is on the way.
Former Ripple director Sean McBride recently weighed in on the ongoing Ripple-SEC case, suggesting that a resolution could come soon. When asked if he thought the SEC would settle with Ripple soon, McBride responded on social media, stating that the case should either be dismissed or settled within the week.
Cryptocurrency enthusiasts and investors have been buzzing about XRP's potential to reach new price heights, with some predicting that the digital asset could soon enter double-digit territory. According to highly regarded crypto analyst “CasiTrades,” the path ahead for XRP is looking increasingly promising, with little resistance standing between the current price and potential all-time highs.
XRP price struggled to continue higher above the $3.30 level. The price is now correcting gains and might find bids near the $3.00 level.
After a leaked page detailed Solana and XRP futures on CME, a spokesperson confirmed that it was an early mock-up and no official plans have been finalized yet.
In the ongoing legal battle between the SEC and Ripple, a new development has emerged. Better Markets Inc., a nonprofit organization, has filed an amicus brief in support of the SEC.
A screenshot of a beta page for XRP (XRP) and Solana (SOL) futures contracts was posted on X earlier on Wednesday.
XRP has experienced a 9% decline in value since it hit an all-time high of $3.41 on January 16, 2025. This drop is largely attributed to a significant increase in profit-taking activity among traders, putting pressure on the price.
OIG Report Sparks XRP Optimism: Alleged SEC conflicts of interest in Ripple case could force appeal withdrawal, boosting XRP price potential beyond $3.55.
Ripple (XRP) price consolidated above the $3 mark on Wednesday January 23, supported by bullish tailwinds from Trump's inauguration. With investors increasingly shifting coins into long-term storage, is XRP price could be on the verge of a major breakout towards $5?
Ripple's native token, XRP, has reached a significant adoption milestone, marking its continued rise in the cryptocurrency market. Over the past year, the number of XRP wallets has surged by approximately one million, pushing the total count to over six million wallets.
