XRP Futures Hit $1B at CME as Spot Holds Key Support
XRP futures at CME Group have surpassed $1 billion in open interest, becoming the fastest crypto contract to reach this milestone in just over three months. CME’s total crypto derivatives suite now exceeds $30 billion, reflecting growing institutional engagement.
Market Overview
- Spot XRP traded in a $2.84–$2.98 range over 24 hours, with a sharp drop from $2.96 to $2.84 on 217 million tokens, roughly triple its daily average.
- $2.84 support held firm as institutional flows stabilized the market.
- Regulatory uncertainty in the U.S. continues to weigh on XRP relative to peers, though corporate adoption and pilot remittance programs keep it in focus.
Technical Summary
- Support: $2.84
- Resistance: $2.94–$2.95
- Momentum: RSI rebounded from 42 to mid-50s; MACD indicates potential bullish crossover
- Order book insight: Institutional bids concentrated above $3.60
Key Levels for Traders
- Upside target: $3.70 if $2.90–$2.92 support holds
- Downside trigger: $2.80, where a breach could accelerate losses
CME’s record open interest now acts as a barometer of institutional conviction in XRP.
