coinpedia 2025-04-22 03:57:21

Ripple News: XRP Futures Now Live on Coinbase, Is XRP ETF Next?

The post Ripple News: XRP Futures Now Live on Coinbase, Is XRP ETF Next? appeared first on Coinpedia Fintech News Coinbase Derivatives, LLC has launched CFTC-regulated futures contracts for XRP, adding to the growing list of crypto derivatives available under U.S. regulatory oversight. This move could pave the way for a spot XRP exchange-traded fund (ETF)—a product the crypto industry has long been pushing for. Historically, the U.S. Securities and Exchange Commission (SEC) has pointed to the existence of a regulated futures market as a key requirement for approving spot crypto ETFs. Bitcoin and Ethereum followed a similar path, with futures-based products hitting the market before their respective spot ETFs received the green light. Until now, many of these structured products were only available through offshore exchanges, which often raised concerns about trust and counterparty risk. With Coinbase offering these tools in the U.S., institutions now have a safer and more reputable option for trading and structuring investments. This development follows the recent launch of Solana futures on the Chicago Mercantile Exchange (CME) and comes amid a backlog of 72 crypto-related ETF applications currently awaiting SEC review. Several of those applications include XRP and Solana among their proposed holdings. XRP Price Action: Dip After the News Despite the positive news, XRP’s price has dipped slightly following the announcement. As of press time, XRP is trading at $2.0736, down 2% on the day. The cryptocurrency failed to hold above the key $2.10 resistance level and has since pulled back, retesting broken support as new resistance. However, XRP remains above the crucial $2 psychological support, a level traders and analysts are watching closely. If maintained, the broader bullish sentiment around the futures launch and ETF momentum could fuel a rebound in the near term.