CME Exchange Announces XRP Futures Launch, Fueling $3 Price Target Optimism
The CME Group’s introduction of XRP futures contracts, set to debut on May 19, has sparked bullish momentum among traders. Ripple CEO Brad Garlinghouse praised the development as a watershed moment for institutional adoption, stating on Twitter: "While long overdue in many respects, this represents a critical and exciting milestone."
This derivatives offering lends regulatory legitimacy to XRP, historically one of cryptocurrency’s most heavily scrutinized assets. market analysts are now targeting the $3 price level, with CME’s involvement viewed as a key driver for enhanced liquidity and more robust price discovery mechanisms.