Coinbase submitted a filing with the US Commodity Futures Trading Commission (CFTC) to introduce XRP futures trading, which is expected to launch on April 21.
Amid Trump’s reciprocal tariffs, XRP price came crashing down 5%, testing crucial support at $2, while futures liquidation surged to $18.5 million.
Ripple Labs has made a major escrow move with over 700 million XRP locked in, the first since its US SEC resolution.
XRP price has increased 7% to $2.17, with daily trading volume rising 18% to $4.22 billion.
XRP price may record a massive breakout if a 72,500% prediction from a top market analyst comes to reality.
XRP has formed a bearish head-and-shoulders (H&S) pattern on the daily chart, which if played out, could push XRP on a bearish drop towards $1.50.
Ripple has partnered up with Chipper Cash and eyes expansion in Africa, while reducing the time and cost of payment settlements.
XRP price faces strong selling pressure after bulls fail to surpass the $2.50 resistance level, as bear strike shows strength with daily trading volumes up by 15%.
XRP price gained 3% to reach $2.48, with trading volumes rising 66% to $2.9 billion driven by broader market strength and optimism surrounding Ripple’s legal case.
XRP active addresses have soared to highest levels since April 2023, reaching 627,000 following SEC’s decision to end the lawsuit against Ripple Labs.
Ripple CEO Brad Garlinghouse announced ambitious plans for 2025, including a potential IPO for Ripple Labs and a flood of XRP ETF filings coming in H2.
Ripple CEO Brad Garlinghouse has confirmed the resolution of the lawsuit against the SEC on March 19.
XRP’s funding rates remain negative, signaling bearish market sentiment. If this trend persists, XRP’s price may face further downside.
Ripple Labs introduced a trademark for “Ripple Custody”, suggesting a possible entry into the custody sector for the American fintech firm.
XRP has formed a head-and-shoulders pattern on the weekly chart which suggests a potential surge to $3 if bulls take over.