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XRP Hits $3.04 on CME Exchange Futures Surge as ETF Speculation Intensifies
XRP Hits $3.04 on CME Exchange Futures Surge as ETF Speculation Intensifies
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CME exchange News -
XRP surged to $3.04, marking a two-week high, driven by speculation about potential U.S. ETF approval as early as October. Institutional demand skyrocketed, with CME futures contracts jumping 74% and aggregate open interest reaching 2.69 billion XRP ($7.91 billion).
Market Optimism contrasts with ongoing concerns about the XRP Ledger's adoption pace. Derivatives data indicates balanced long-short positions, with futures trading at a 7% premium to spot—showing no signs of excessive leverage distorting the current rally.
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