XRP Price Prediction: First U.S. XRP ETF Tops $100M as CME Volume Hits $27B
Institutional appetite for XRP is on a roll - the REX-Osprey XRP ETF (XRPR) – the very first US listed spot XRP exchange traded fund...
Quick overview
- The REX-Osprey XRP ETF has surpassed $100 million in assets under management, indicating growing institutional interest in regulated crypto investments.
- CME Group has launched options on XRP futures, enhancing trading flexibility and demonstrating significant trading activity with nearly $26.9 billion in volume.
- XRP's technical outlook shows bullish signs, with potential price targets of $2.65 and $2.84 as it consolidates around $2.54.
- Recent candlestick patterns suggest a bullish trend, with a possible long entry opportunity if prices dip to $2.45-$2.48.
Institutional appetite for XRP is on a roll – the REX-Osprey XRP ETF (XRPR) – the very first US listed spot XRP exchange traded fund – has just cleared the $100 million barrier with its assets under management. Its big milestone is yet another sign of a growing confidence in regulated crypto investments, following the SEC beginning to lay down clearer rules for digital asset ETFs.
REX shares, the company behind the ETF , say they’ve been seeing a steady surge in interest from – not just ordinary investors – but big funds and family offices since launch. “We’re seeing unprecedented demand from people who want to get their hands on compliant , transparent access to digital assets like XRP” they say – and its clear that ETFs are fast becoming the bridge between old fashioned finance and the crypto world.
This follows REX’s own earlier success with the T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU) – showing once again that big investors have a real hankering for crypto linked investment vehicles.
CME Expands XRP Derivatives Suite
Thats all well and good, but CME Group has just taken it to the next level by launching options on XRP futures. This means traders now have even more flexibility to hedge their bets or try and make a profit from all the volatility. And its just five months since CME first launched XRP futures – which have already seen an eye watering 567,000 trades and a notional volume of almost $26.9 billion – or over 9 billion XRP.
Open interest now stands at nearly $3.88 billion – up 5.2% in just 24 hours. CME reckons this is proof that big investors are sticking with XRP long term and that its going to be a regulated digital asset for the foreseeable future. Put it with ETFs and spot markets and you’ve got one of the most complete and serious institutional grade ecosystems in the crypto space.
Key metrics:
- XRP ETF AUM: stands at 100 million
- CME XRP Futures Volume: $26.9 billion
- Open Interest: nearly $3.88 billion (up 5.2% daily) – that’s up big time in the last 24 hours
XRP Technical Outlook: Bulls eye $2.84
XRP is currently consolidating around $2.54 – which has got everyone thinking after breaking above a key trend line on the 4 hour chart. And breaking above it at that – which is a real sign its moving in a bullish direction. We’ve got higher lows since October and sustained closes above the 50 EMA (around $2.45). This all points to a real upswing.
The next stop is around $2.65 – where the 200 EMA ( $2.63) meets some resistance. If we can get above that we might just see the path clear for $2.84 – and possibly even $3.08 the August highs. Our RSI is looking a bit high – but not too high – so momentum is on our side
Candlestick patterns are also pointing towards a bull run – we’ve got three white soldiers which is a real buy signal – after a hammer and a bullish engulfing reversal – so things are really starting to look up.
Trade Setup: A dip back to $2.45-$2.48 might just give you a long entry – with a stop below $2.36 and a target of $2.65 and $2.84. If we cant hold above $2.45 then we’re looking at a retest of $2.25.
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