XRP Primed for $3 Surge as CME Futures Go Live—Garlinghouse Cheers the ’Institutional On-Ramp’
Ripple’s CEO Brad Garlinghouse just rolled out the red carpet for CME’s new XRP futures—because nothing says ’mainstream adoption’ like letting Wall Street bet against your coin.
The $3 price target? Suddenly plausible. Liquidity meets speculation, and the charts look like a rocket preparing for liftoff. Traders are already front-running the ’inevitable’ institutional FOMO.
Meanwhile, Bitcoin maximalists are muttering about ’distractions’—but let’s be real, the only thing better than a crypto pump is watching hedge funds realize they’re late to the party... again.
XRP Price Chart | Source: TradingView
The chart suggests that a successful breach could trigger a fresh upward momentum targeting the $8–$10 range in the long term. However for this lot more push from the community would be required and a lot of liquidity to be injected in the token to sustain the price.
XRP has long been under pressure due to Ripple’s legal battles with the U.S. Securities and Exchange Commission (SEC), but recent court developments and the increasing traction of Ripple’s payment technology globally have revived investor confidence.
The availability of both standard and micro-sized contracts from a well known entity as CME will allow traders to access diverse trading strategies. This move is appealing to both retail and institutional traders.
The introduction of CME-listed XRP futures is also expected to bring risk hedging options. Which in turn potentially increases the chances of attracting liquidity to the XRP ecosystem.
Moreover CME Group already offers futures for top cryptocurrencies like Bitcoin and Ethereum and by adding XRP to the roster may enhance its legitimacy among mainstream investors.
As May 19 approaches, all eyes are on how the futures launch will impact XRP’s price trajectory. It would be intriguing to know whether this institutional tailwind will be enough to push the token beyond the psychologically significant $3 barrier.
Also Read: CME Group to Launch XRP Futures on May 19
