Weekly XRP Price Prediction: Ripple Revival As Futures Launch on CME, Despite SEC Seatback
After months of negative pressure, XRP gains new momentum, aided by a bullish technical position, robust market mood, and institutional...
Quick overview
- XRP is experiencing renewed momentum due to a bullish technical setup and resilient investor sentiment, despite ongoing legal challenges with the SEC.
- A recent court ruling denied Ripple's request to reduce a civil penalty, but market reactions indicate growing investor confidence amidst regulatory uncertainty.
- XRP has rebounded from a significant support level, breaking above the 100-day Simple Moving Average, signaling a potential shift in long-term trend dynamics.
- The upcoming launch of CME's XRP futures contracts is expected to attract institutional interest, further bolstering XRP's market position.
Live XRP/USD Chart
After months of negative pressure, XRP gains new momentum, aided by a bullish technical position, robust market mood, and potential institutional involvement via CME futures contracts.
Legal Setback Fails to Derail Market Momentum
Ripple recently faced a judicial roadblock in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). On Thursday, U.S. District Judge Analisa Torres denied a joint request by Ripple Labs and the SEC to reduce a previously agreed civil penalty from $125 million to $50 million. The judge ruled the motion procedurally flawed, citing its failure to meet Rule 60’s criteria for altering a final judgment, which only applies under exceptional circumstances.
The legal uncertainty continues to cloud the timing of potential spot XRP exchange-traded fund (ETF) approvals, which remain under SEC review. However, the market’s reaction was muted, suggesting investor confidence may be growing more resilient to regulatory noise.
XRP Price Rebounds from Key Support
Following a sharp 50% decline between mid-January and early April that pushed XRP down to $1.65 from the all time high of $3.40, the cryptocurrency has staged an impressive recovery. Technical indicators on the monthly chart point to strong buying interest around the $1.65–$2 zone—a historically significant support range dating back to 2021.
The April candlestick closed as a hammer, often interpreted as a bullish reversal after a downtrend, and current price action continues to reinforce this recovery narrative.
XRP Chart Monthly – Previous Resistance Turned Into Support
The digital asset has climbed to $2.65, breaking above the 100-day Simple Moving Average, which had previously acted as a ceiling since March. This breakout marks a potential shift in long-term trend dynamics, with the pattern of lower lows decisively broken.
Institutional Catalysts: CME XRP Futures Arrive
Adding to XRP’s renewed strength is institutional validation. The CME Group—one of the world’s most reputable derivatives marketplaces—is set to launch both standard and micro XRP futures contracts on Monday, May 19. Early access begins on May 18 via CME Globex.
The move is significant, as it opens XRP exposure to institutional investors in a regulated futures environment. Each full contract will cover 50,000 XRP, while micro contracts represent 2,500 XRP. Both will be cash-settled against the CME CF XRP-Dollar Reference Rate, providing clear and compliant pricing.
Boosted by Broader Market Sentiment
XRP’s rebound coincides with a broader resurgence in the crypto market, especially following Bitcoin’s return above the $100,000 threshold. This has helped restore investor appetite across alternative digital assets, with XRP benefiting from the renewed momentum.
Conclusion: XRP Positions for Extended Upside
Despite the overhang of regulatory risk, XRP’s bounce from support, bullish monthly reversal, and growing institutional interest via CME derivatives suggest the potential for further upside. If momentum sustains, XRP could be positioning for a broader trend continuation—especially if legal clarity or ETF approval follows.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals