XRP Targets $2.45 as CME Futures Surge Past $542M in First Month

The post XRP Targets $2.45 as CME Futures Surge Past $542M in First Month appeared on BitcoinEthereumNews.com.

Thanks to a robust XRP community, the 4th-largest cryptocurrency based on market capitalization is eyeing a bullish leg as rising on-chain activity and exchange-traded fund (ETF) optimism takes center stage. Is XRP Eyeing a Push to the $2.45 Zone? According to market analyst Lingrid, “XRP bounced off the intersection of two major support lines and is now regaining momentum within a forming bullish structure. The recent reversal candle marks a key shift in sentiment after a prolonged downtrend through a broad descending wedge. Price is eyeing a move toward the $2.40–2.45 target zone. Sustaining this breakout could unlock a wider bullish leg in the coming sessions.” Source: Lingrid This bullish quest is being supported by the fact that whale wallets holding over 1 million XRP recently hit a record high, signaling surging investor confidence in the cryptocurrency’s future price trajectory. At the time of this writing, XRP was hovering around the $2.10 zone, signalling intensified consolidation with a bullish breakout seemingly being on the horizon. Therefore, all eyes should be on the $2.40 to $2.45 breakout because it will act as the stepping stone toward XRP’s next leg up.  XRP Futures Witness a Major Leg Up XRP futures have recently surged, and behind this dramatic rally lies a powerful combination of regulatory clarity, institutional infrastructure expansion, bullish technicals, and macroeconomic tailwinds. Here’s why futures are skyrocketing: 1. CME’s Launch of XRP Futures Boosts Institutional Access CME Group launched XRP futures last month, offering both micro and standard cash-settled contracts tied to the CME CF XRP-Dollar Reference Rate. Notably, these XRP futures hit $542 million in trading volume in their first month, signaling robust demand from both institutional and retail investors. Open interest in XRP futures jumped over 10% month‑on‑month—from $3.72 billion to $4.11 billion—signaling heightened market participation.  As more institutions take positions…