- CME’s alleged staging page hinted at XRP and Solana futures contracts launching February 10, raising market speculation.
- XRP is trading at $3.10 with reduced volatility, consolidating within a range of $3.04 to $3.29 amid bearish MACD signals.
- A confirmed XRP futures launch by CME could impact SEC’s considerations for cryptocurrency ETFs under current regulatory reviews.
The Chicago Mercantile Exchange (CME) is reportedly preparing to launch futures contracts for XRP and Solana (SOL) on February 10, 2025. This information surfaced through a now deleted page on the beta.cmegroup website, leading to heightened speculation.
According to Bloomberg ETF analyst James Seyffart, the details suggest that CME plans to introduce both standard and micro sized futures contracts for the two digital assets, pending regulatory approval. While the official announcement remains unconfirmed, Seyffart noted the possibility of the launch being real.
CME Futures Details and Market Speculation
The alleged staging website claimed, “Trade regulated, capital efficient futures on two leading cryptocurrencies with new SOL and XRP futures, launching February 10.” This statement hinted at CME’s plans to bring Ripple’s XRP and Solana futures contracts to the market.
These contracts are expected to provide the market with flexible options to manage their strategies, subject to regulatory review. However, the post was quickly removed, raising questions about its authenticity. James Seyffart, on X, noted the need for confirmation from CME before drawing conclusions.
A pseudonymous X user, Summers, insisted the post originated from CME’s staging platform, stating, “They always add new products there before they announce.” The potential launch, if confirmed, could influence broader digital assets view, including SEC considerations for related futures ETFs.
XRP Price and Indicators
At the time of writing, XRP was trading at $3.10, a 0.81% decline in the last 4 hours. The price is consolidating within a range of $3.04 to $3.29 following an uptrend from below $2. The current trading level shows reduced volatility as XRP is near the middle band of the Bollinger indicator at $3.16.
Resistance levels are at $3.29, aligning with the upper Bollinger band, and $3.40, a recent local high. Support zones are at $3.04 and $2.80 to $2.85, with the lower Bollinger band indicating potential downside risks.
Momentum and Potential Movements
The MACD indicates weakening momentum, with the MACD line at -0.0107 below the signal line at 0.0076. Negative histogram bars further show bearish sentiments. If XRP breaks above $3.29, the price could test $3.40 or higher, supported by increasing trading volume.
However, failure to maintain the $3.04 support level might lead to a decline toward the $2.80 range. The potential launch of XRP futures by CME remains a key moment to monitor as regulatory discussions continue today in a SEC closed meeting.