The crypto platform Crypto.com has announced the launch of XRP contracts, preparing for future changes and opportunities in the market. This move could shift perspectives on XRP and its potential.
XRP Contracts on Crypto.com
Crypto.com plans to launch XRP contracts under the approval of the United States Commodity Futures Trading Commission. These contracts are similar to those previously introduced for Bitcoin and Ethereum and are aimed at utilizing new price levels with contracts available from $10 to $100. Currently, the company has secured participation from one market maker to provide liquidity.
XRP ETF, Trusts and Institutional Interest
With improved cryptocurrency regulations in the US, the possibility of creating an XRP ETF emerges. Nasdaq and Grayscale have filed applications to register and launch such products, demonstrating significant interest among institutional investors. Although the likelihood of getting approval remains at 60%, it shows significant changes compared to last year.
XRP Price Overview
With the advent of event contracts, traders will be able to better assess the potential price movement of XRP using regulated tools. As of publication, the price of XRP was at $2.46, with a 0.46% increase over the last 24 hours. Analysts hope for further strengthening, anticipating that the coin could reach levels of $3 in the short term or even $8 under strong market growth conditions.
The launch of XRP contracts on Crypto.com could significantly impact the market and change the perception of the cryptocurrency, providing more opportunities for investors and analysts to evaluate its potential.
