Coinbase has announced the launch of XRP perpetual futures, marking a significant step in the evolution of the crypto derivatives market in the U.S.
Launch of XRP Perpetuals
Coinbase continues to reinforce its leadership in the U.S. crypto derivatives market with the launch of XRP perpetual futures. These contracts feature five-year expirations, eliminating the need for monthly rollovers. Each USD-settled contract represents 10 XRP and offers up to 5x leverage, combining full U.S. regulatory compliance with the flexibility of perpetual futures for a secure trading environment.
Unlike traditional futures contracts which have fixed expiration dates, perpetual futures allow traders to hold positions indefinitely while keeping prices aligned with the spot market.
Critical Support Level for XRP
According to analyst Doshsai, XRP has been moving in a structured pattern for the past weeks. "XRP is moving according to a structure, and if it fails to maintain above the $2.96–$2.99 range, it could trigger a decline to the $2.80 demand zone."
Currently, XRP is trading at $2.92, just below the key support level. A failure to reclaim this level might lead to a retest of the $2.80 demand zone. Market expert Crypto Joe also identifies $2.75 as a critical support level.
Conclusion
The launch of XRP perpetual futures on Coinbase represents a crucial step in the evolution of the U.S. crypto derivatives market. The platform aims to meet growing demand for digital asset products while setting a benchmark for responsible innovation in the rapidly expanding sector. At the same time, XRP's ability to maintain support above the $2.96–$2.99 range is essential.
Coinbase's advancements in the perpetual futures sector demonstrate its market leadership, while XRP must maintain its levels to avoid potential corrections.
