Ripple Price Prediction: XRP Eyes $10 as CME Futures Hype Builds, Support Holds
After months of bearish pressure, XRP is regaining strength with the help of advantageous technical setups, a bullish general market tone, a
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 bearish pressure, XRP is regaining strength with the help of advantageous technical setups, a bullish general market tone, and conjecture over institutional participation through CME’s futures platform.
Legal Headwinds Fail to Stall Price Recovery
Ripple faced another legal obstacle in its ongoing clash with the U.S. Securities and Exchange Commission (SEC). On Thursday, U.S. District Judge Analisa Torres dismissed a joint proposal from Ripple Labs and the SEC to lower the agreed-upon civil fine from $125 million to $50 million. The judge ruled that the motion didn’t satisfy Rule 60, which permits modifications to final court decisions only in exceptional cases.
While regulatory uncertainty continues to linger—particularly around the SEC’s review of a potential spot XRP ETF—the market’s restrained reaction indicates that investor sentiment may be growing increasingly resilient to legal turbulence.
XRP Rebounds from Key Historical Support
Following a dramatic 50% correction between mid-January and early April—from its record peak of $3.40 down to $1.65—XRP has staged an encouraging recovery. Monthly charts reflect a surge in buying interest around the $1.65 to $2 range, a historically significant support zone going back to 2021.
April’s monthly candle printed a hammer pattern, a technical formation often seen as a precursor to trend reversals. Price action since then continues to reinforce the bullish shift in momentum.
XRP Monthly Chart – Past Resistance Now Providing 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.
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