empty
28.04.2025 04:14 PM
XRP futures to launch on May 19

Over the weekend, Bitcoin experienced a brief dip but soon returned to the $94,000 level. Ether also faced some pressure, but managed to hold its ground.

Surprisingly, XRP saw only a modest increase after the news that CME Group—the world's leading derivatives exchange—announced plans to launch XRP futures. Market participants will be able to trade both micro XRP contracts and larger contracts, each comprising 50,000 XRP.

This image is no longer relevant

"As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens," Giovanni Vicioso, global head of cryptocurrency products at CME Group, said.

"Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients' investment and hedging strategies."

However, some less positive news followed. Ripple President Monica Long stated in an interview that Ripple does not plan to conduct an IPO in 2025. The company has sufficient cash reserves and bought back shares this year at a valuation of $11.3 billion, down from the $15 billion valuation in 2022. This announcement certainly surprised many market observers, especially given the rising interest in cryptocurrency companies and their potential public valuations. However, Long emphasized that Ripple is in a financially strong position, allowing the company to determine its own growth strategy without the immediate need for an IPO.

It is worth noting that the company's buyback at a valuation of $11.3 billion, while below the 2022 level, still represents a substantial sum, demonstrating Ripple's confidence in its long-term prospects. This move also helps the company strengthen its internal ownership structure and increase flexibility in strategic decision-making.

This image is no longer relevant

Technical outlook for Bitcoin:

Currently, buyers are targeting a return to the $94,400 level, which would open the way to $95,600, with $97,100 within reach after that. The ultimate upside target stands at the $99,000 high—surpassing it would signal an end to the bear market. If Bitcoin falls, buying interest is expected around $93,300. A drop below this level could quickly send BTC down to $91,600, with the farthest support at $90,500.

This image is no longer relevant

Technical outlook for Ethereum:

A clear close above $1,805 for ETH opens the way to $1,833. The farthest upside target is the $1,868 high. Breaking through this would indicate a return to a bull market. If Ether declines, buyers are likely to step in around $1,779. A fall below this level could quickly push ETH down to $1,750, with the final support at $1,722.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con el Bitcoin el 30 de mayo según el sistema ICT

El Bitcoin con mucho esfuerzo ha comenzado a corregirse, tras la retirada de liquidez de su último ATH. Durante casi una semana la criptomoneda se mantuvo en el mismo lugar

Paolo Greco 07:40 2025-05-30 UTC+2

Recomendaciones para operar en el mercado de criptomonedas para el 29 de mayo

El Bitcoin comienza una corrección, mientras que el Ether continúa mostrando señales de fortaleza. La caída de ayer del Bitcoin hacia el área de los $107 000 con un buen

Miroslaw Bawulski 11:00 2025-05-29 UTC+2

Recomendaciones para operar con el Bitcoin el 29 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento inusualmente no técnico y anómalo sin ninguna corrección ni retroceso. En los últimos días la situación técnica prácticamente no ha cambiado y la volatilidad

Paolo Greco 08:17 2025-05-29 UTC+2

Recomendaciones para operar con el Bitcoin el 28 de mayo según el sistema ICT

El Bitcoin mantiene un crecimiento anómalo, excepcionalmente no técnico, sin una sola corrección o retroceso. En los últimos días, el panorama técnico apenas ha cambiado y la volatilidad es bastante

Paolo Greco 08:06 2025-05-28 UTC+2

Análisis del par BTC/USD. El 27 de mayo. El pump del Bitcoin continuará

El conteo de ondas en el gráfico de 4 horas para el instrumento BTC/USD se ha complicado. Hemos observado una estructura correctiva descendente que concluyó alrededor del nivel

Chin Zhao 07:28 2025-05-27 UTC+2

Recomendaciones para operar con el Bitcoin el 27 de mayo según el sistema ICT

El Bitcoin continúa un crecimiento excepcionalmente no técnico y anómalo sin ninguna corrección ni retroceso. En los últimos días, el panorama técnico apenas ha cambiado, y la volatilidad es relativamente

Paolo Greco 07:28 2025-05-27 UTC+2

El Bitcoin se mantiene por encima de los $107 000

El Bitcoin ha vuelto a subir y ya ha superado el nivel de $109 900 tras una buena corrección hacia la zona de $106 000 el pasado fin de semana

Jakub Novak 11:08 2025-05-26 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 26 de mayo

La demanda de el Bitcoin y Ethereum regresó a comienzos de esta semana. El Bitcoin superó el nivel de $109 000, mientras que Ethereum intenta consolidarse por encima

Miroslaw Bawulski 11:08 2025-05-26 UTC+2

Análisis del par BTC/USD. El 23 de mayo. Otro pump del bitcoin

El conteo de ondas del gráfico de 4 horas para el instrumento BTC/USD se ha complicado un poco. Hemos visto una estructura correctiva bajista que finalizó su formación cerca

Chin Zhao 11:26 2025-05-23 UTC+2

Recomendaciones para operar con el Bitcoin el 23 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento anómalo y extremadamente no técnico, sin una sola corrección o retroceso. En poco más de un mes, el «oro digital» se ha encarecido

Paolo Greco 07:20 2025-05-23 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.