On the illustrious day of May 19, XRP futures made their grand entrance onto the CME Group’s derivatives platform, a momentous occasion that surely had the cryptocurrency world buzzing like a caffeinated bee. The inaugural trading day boasted a staggering $1.5 million in total volume—an amount that would make even the most jaded financier raise an eyebrow.
According to the ever-reliable CME data, four standard XRP contracts, each representing a princely sum of 50,000 tokens, exchanged hands, culminating in a notional volume of approximately $480,000 at an average price of $2.40. Meanwhile, a veritable cornucopia of 106 micro contracts, each cradling 2,500 XRP, contributed over $1 million to the day’s tally. All contracts, mind you, are cash-settled and tethered to the CME CF XRP-Dollar Reference Rate, which is published daily at the civilized hour of 4:00 PM London time.
The CME’s dual-contract strategy is a masterstroke, designed to cater to both the institutional hedge fund elite and the retail trader, who, let’s face it, is often left clutching their wallets in despair. With XRP now gracing the CME’s suite of regulated offerings, it finds itself in the exalted company of Bitcoin and Ethereum futures, thus bestowing upon it a newfound legitimacy that is as refreshing as a cool breeze on a sweltering day.
Nate Geraci, the President of The ETF Store, took to X to share this delightful news.
CME-traded XRP futures are now live…
CFTC-regulated contracts on XRP.
Spot XRP ETFs only a matter of time.
— Nate Geraci (@NateGeraci) May 19, 2025
In a twist that would make any soap opera writer proud, several US-based firms have submitted applications for a spot XRP ETF, though the SEC remains as indecisive as a cat at a dog show.
XRP Price Outlook
As of this very moment, XRP is trading around $2.37, having gallantly risen over 3% in the past 24 hours. Since the momentous election victory of Donald Trump in November 2024, the fourth largest cryptocurrency has surged over 450%, propelled by a wave of institutional optimism that could make even the most cynical investor crack a smile.
On the daily XRP price chart, the RSI currently lounges near 53, indicating a state of neutral momentum—neither overbought nor oversold, much like a well-balanced diet.
XRP daily chart with RSI and Bollinger Bands | Source: TradingView
The Bollinger Bands are beginning to tighten, suggesting a consolidation phase that could lead to a breakout soon. XRP is currently hovering around the middle band (20-day SMA), which acts as a crucial support zone. Should XRP fail to maintain this level and dip below the lower band at $2.05, we might witness a freefall to $1.83—an event that would surely send shivers down the spine of any investor.
Conversely, a bullish breakout above the upper band at $2.61 could catapult XRP to $2.85, a prospect that is as tantalizing as a slice of cake at a diet convention.
Meanwhile, MACD analysis reveals a narrowing gap between the MACD line and the signal line, hinting at an impending crossover. If the MACD line crosses above the signal line, we could be in for a bullish momentum shift that would make even the most stoic trader raise an eyebrow.
XRP daily chart with MACD | Source: TradingView
Interestingly, a bullish “Cup and Handle” pattern has emerged from mid-February to mid-May. The cup’s base rests around $1.85, while the rim peaks at about $2.60—an artistic flourish that would make any barista proud.
Cup and Handle pattern on XRP daily chart | Source: TradingView
The handle’s formation is underway, and a breakout above $2.60 could confirm a move to $3.35, nearly a 40% upside from current levels—an opportunity that would make even the most cautious investor consider a celebratory dance.
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Solaxy ($SOLX) Quietly Gains Momentum Amid XRP Buzz
While XRP hogs the limelight, Solaxy ($SOLX) is stealthily gaining traction as a next-gen Layer 2 scaling solution tailored for the Solana blockchain. Designed to tackle network congestion, scalability bottlenecks, and reliability issues, Solaxy processes transactions off-chain, compiling them into optimized batches before securely settling them on Solana’s mainnet—delivering high efficiency without sacrificing security, much like a well-oiled machine.
$SOLX Tokenomics and Presale
Solaxy’s presale has already raised an impressive $38 million out of its $38.7 million goal. It offers a compelling 112% APY, with over 10 billion tokens staked to date—an achievement that would make any startup founder green with envy.
Presale Details
- Token Price: $0.001724
- Funds Raised: $38 million
- Payment Methods: Crypto, Card
- Ticker: SOLX
- Chain: Solana
With only 27 days left before a potential token price hike, early adopters are racing to get in. Solaxy is quietly preparing to revolutionize the Solana ecosystem from the ground up, much like a stealthy ninja in the night.
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2025-05-20 15:17