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CME Exchange Sees $542M XRP Futures Boom as Global Institutions Drive Demand
CME Exchange Sees $542M XRP Futures Boom as Global Institutions Drive Demand
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CME exchange News -
XRP futures on CME have surged into the derivatives market with $542 million in trading volume during their first month. Nearly half of this activity—45%—came from outside North America, highlighting strong international institutional interest. The coin currently hovers at $2.14, with technical indicators pointing to a potential breakout toward $2.65.
CME's move beyond Bitcoin and ethereum futures has solidified XRP as a viable asset for hedge funds and trading desks. A descending wedge pattern on the charts, typically a bullish reversal signal, suggests a rebound from the $2.10 support level. Analysts expect increased volatility as the wedge nears its apex.
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