Coinbase Files for XRP Futures: Potential Price Recovery on the Horizon?

In a significant development for the cryptocurrency market, Coinbase has submitted a filing for XRP futures to the US Commodity Futures Trading Commission (CFTC), sparking speculations about a potential price recovery for the embattled digital asset.

Will XRP Price Stage Quick Recovery on Coinbase XRP Futures Filing?

On April 3, crypto exchange Coinbase submitted its filing for XRP futures to the US Commodity Futures Trading Commission (CFTC). The crypto exchange believes that the futures product will go live on its platform by April 21. According to the certification filing, the XRP futures contract, trading under the symbol XRL, will be a monthly cash-settled and margined contract. The contract follows XRP’s market price and is settled in US dollars. Each unit represents 10,000 XRP, valued at approximately $20,000 based on the current price of $2 per token.

XRP News: New Twist Emerges In Ripple SEC Case With Unusual Filing

Ripple’s XRP is back in the spotlight after a surprising new filing in the long-running SEC case. The unexpected twist, along with the upcoming launch of XRP futures on Coinbase, has raised concerns about its impact on the XRP price. With XRP struggling to hold the $2 support, these developments could trigger a major breakout or a sharp drop. According to a recent tweet by journalist Eleanor Terrett, an emergency request has been filed in the ongoing lawsuit between Ripple and the SEC, claiming ’decisive evidence’ in favor of the defendants.