XRP Aims for $5.89 as Coinbase Lists CFTC-Regulated Futures Amid Cautious Optimism

XRP’s price trajectory is drawing attention as it eyes a potential rise to $5.89, though technical indicators suggest it must first overcome key resistance levels. Meanwhile, Coinbase’s listing of CFTC-regulated XRP futures signals growing institutional confidence in the asset post-SEC legal clarity.

XRP Eyes $5.89; Coinbase Lists XRP Futures

XRP’s price aims for $5.89 but must first surpass the 20-day SMA. Technical analysis suggests short-term bullish momentum, but the overall trend remains cautiously bearish. Coinbase’s listing of XRP futures signals growing confidence in its legal status post-SEC dispute, providing both institutional and retail investors a compliant way into the XRP ecosystem.

Coinbase Derivatives Lists CFTC-Regulated XRP Futures

Coinbase Global Inc. announced the listing of CFTC-regulated futures for XRP on April 21. The move follows Bitnomial’s launch of a similar product last month. The rising demand for XRP by institutional investors has helped increase bullish sentiment, with the XRP/USD pair potentially retesting $1.77 in the coming days.

Could XRP Become a U.S. Strategic Reserve Asset?

The idea of the U.S. government holding XRP as part of a national reserve is gaining traction in finance and crypto circles. Following a private meeting involving Ripple executives, speculation soared with some estimating a 50% chance of XRP being added to a federal reserve strategy. However, the probability has since dipped to around 22%, but the conversation remains active.

XRP Price Prediction: Could a $1,000 Investment Turn into $1 Million in 2025?

XRP is gaining momentum, reclaiming key resistance levels and sparking renewed interest in crypto communities. The cryptocurrency has broken above short-term resistance and key moving averages. Investors are asking if this is the beginning of a true breakout and if a $1,000 investment today could turn into $1 million by 2025.