CME's denial of XRP futures contradicts the optimism seen earlier this month, as technicals point to weakening of the uptrend.

XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.

In today's crypto news: Bank of America's Crypto Stance: CEO Brian Moynihan stated that banks are ready to adopt crypto for transactions, but only with clear regulations. He sees digital assets as an additional payment method, not a threat to the U.S. dollar.

Ripple's price has been rallying aggressively since November last year as it managed to match its 2018 all-time high. However, it failed to break above it and is currently struggling to continue higher.

The legal dispute between Ripple Labs, Inc. and the US Securities and Exchange Commission (SEC) witnessed a surprising development as Better Markets, Inc., a prominent nonprofit dedicated to promoting public interest in financial markets, filed an amicus curiae brief on January 22.

XRP's 550% price rally since Nov. 5 has seen it break out of a symmetrical triangle, with a profit target above $15. Will a potential launch of XRP futures help?

Ripple Labs' president, Monica Long, is expected to unveil the company's strategic goals for 2025 in an upcoming interview on X space dubbed XRP Community Day. The event is scheduled for January 29.

XRP is down by nearly 5% over the last 24-hour period to seemingly move to retest the $3 mark in a drawdown that's coming after it briefly saw its total market capitalization surpass that of Wall Street giant Goldman Sachs.

The Chicago Mercantile Exchange (CME) Group denied plans to launch futures contracts for Ripple's XRP or Solana (SOL) after a beta page mistakenly went public.

The U.S. Securities and Exchange Commission (SEC) is set to hold its first closed meeting under Acting Chair Mark Uyeda this Thursday, marking a key moment in the ongoing regulatory oversight of the cryptocurrency space. The meeting will involve SEC commissioners, the counsel to the commissioners, the commission's secretary, and recording secretaries.

The long-running legal tussle between Ripple and the US Securities and Exchange Commission (SEC) got another twist. A non-profit, Better Markets filed an amicus brief urging the Second Circuit to overturn the 2023 Ripple case ruling.

In a recently published tweet, Monica Long, Ripple president, teased her upcoming speech during the XRP Community Day that is scheduled for Jan. 28-29 this year.

The cryptocurrency market is currently experiencing heightened volatility, and XRP, the native token of Ripple Labs, is at the center of attention. With the market sentiment shifting toward a bullish outlook for XRP, short sellers may soon be in trouble, as on-chain data points to a possible price reversal.

XRP has witnessed a notable rally in the past week, climbing by 35%. The altcoin currently trades at $3.10, slightly below its all-time high of $3.41.

John Deaton, the notorious Ripple token amicus brief lawyer, warned against meme coins on a recent crypto podcast with a focus on XRP. However, they may have some benefits for the token economy.

The crypto market witnessed a selloff as bullish sentiment regarding Donald Trump's inauguration faded. The global market cap tumbled over 3% to $3.52 trillion, with trading volume tanking 25% over the last 24 hours.

Could ETF approval speculation and healthy market trigger another new high for XRP?

CME and the demand for regulated instruments for crypto trading

XRP price has stayed in the red today amid a broader crypto market selloff but still maintained above the $3 level. Notably, the anticipation over another robust rally comes as speculations soar over a potential end in the Ripple Vs SEC case.

The cryptocurrency market has been awaiting positive moves on its charts, as investors and traders anticipate concrete implementations of the digital assets infrastructure by the Trump government. After the success of Bitcoin and Ethereum ETFs, the business now expects Solana and XRP ETFs.

Market speculation and volatility may increase as investors anticipate potential new futures offerings, impacting XRP and Solana's market dynamics. The post CME Group clarifies no official decision made on XRP, Solana futures contracts appeared first on Crypto Briefing.

XRP trades at $3.10 in January 2025, approaching its all-time high amid multiple bullish analyst predictions ranging from $3.80 to $30

In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.

XRP is at a crucial juncture, with its price either poised for a massive breakout or possibly marking the end of an internal corrective rally. The scenario could play out in two ways: a bullish continuation to the upside or a corrective pullback.

The Chicago Mercantile Exchange (CME) Group has clarified that no official decision has been made regarding the launch of futures contracts for Solana (SOL) and XRP (XRP).

CME Group's staging website revealed plans for a February 10 launch of XRP and Solana futures contracts with both standard and micro sizes, though the exchange has not officially confirmed the information.

XRP maintains $3 support level amid exchange outflows and approaching CME futures listing

Washington-based non-profit Better Markets, which is focused on promoting "public interests" in financial markets, has filed an amicus brief in support of the U.S. Securities and Exchange's appeal against Ripple.

Better Markets has filed an amicus brief supporting the SEC's appeal against Ripple Labs, arguing that retail XRP sales qualify as securities under the Howey Test

The non-profit has backed the SEC's appeal against Ripple, seeking to overturn a key district court ruling.

The CME Group is reportedly gearing up to launch Futures ETFs tied to XRP and Solana, with a tentative release date of February 10, 2024, pending regulatory approval. This came just after Trump's inauguration and Ripple's closed-door meeting held this month the factors are hinting something bigger is on the way.

Former Ripple director Sean McBride recently weighed in on the ongoing Ripple-SEC case, suggesting that a resolution could come soon. When asked if he thought the SEC would settle with Ripple soon, McBride responded on social media, stating that the case should either be dismissed or settled within the week.

Cryptocurrency enthusiasts and investors have been buzzing about XRP's potential to reach new price heights, with some predicting that the digital asset could soon enter double-digit territory. According to highly regarded crypto analyst “CasiTrades,” the path ahead for XRP is looking increasingly promising, with little resistance standing between the current price and potential all-time highs.

XRP price struggled to continue higher above the $3.30 level. The price is now correcting gains and might find bids near the $3.00 level.

After a leaked page detailed Solana and XRP futures on CME, a spokesperson confirmed that it was an early mock-up and no official plans have been finalized yet.

In the ongoing legal battle between the SEC and Ripple, a new development has emerged. Better Markets Inc., a nonprofit organization, has filed an amicus brief in support of the SEC.

A screenshot of a beta page for XRP (XRP) and Solana (SOL) futures contracts was posted on X earlier on Wednesday.

XRP has experienced a 9% decline in value since it hit an all-time high of $3.41 on January 16, 2025. This drop is largely attributed to a significant increase in profit-taking activity among traders, putting pressure on the price.

OIG Report Sparks XRP Optimism: Alleged SEC conflicts of interest in Ripple case could force appeal withdrawal, boosting XRP price potential beyond $3.55.

Ripple (XRP) price consolidated above the $3 mark on Wednesday January 23, supported by bullish tailwinds from Trump's inauguration. With investors increasingly shifting coins into long-term storage, is XRP price could be on the verge of a major breakout towards $5?

Ripple's native token, XRP, has reached a significant adoption milestone, marking its continued rise in the cryptocurrency market. Over the past year, the number of XRP wallets has surged by approximately one million, pushing the total count to over six million wallets.

Given that the asset is on the verge of marking a lower high, XRP's recent bullish rally is about to face a crucial turning point. This possible development may indicate that the current bull run is coming to an end, which will worry investors who have seen a notable upswing in the last few months.

The XRP price is on track for significant growth, with experts forecasting $18 by March. Ripple's ongoing adoption and regulatory developments fuel this momentum. However, while the XRP price shows promise, a new player, RCO Finance, is drawing attention with its potential to deliver 30,000x gains faster than Ripple.

CME Group is potentially preparing to launch futures contracts for Solana (SOL) and XRP, based on reports and images shared on social media on Jan. 22.

Non-profit, financial markets based organization Better Markets has filed an Amicus brief in support of the United States Securities and Exchange Commission (SEC) in its ongoing lawsuit with Ripple Labs Inc. Per the filing, the company shared three unique arguments to back its claims that XRP sold the blockchain payments firm satisfies the Howey test.

The Chicago Mercantile Exchange (CME) plans to launch futures trading for XRP and Solana (SOL) on February 10, pending regulatory approval, according to a Jan. 22nd X post by Bloomberg ETF analyst James Seyffart. The information comes from a staging version of CME's official website, which hinted at the upcoming release.

The Chicago Mercantile Exchange (CME) is reportedly preparing to introduce futures contracts for Solana and XRP. There's a potential launch date of February 10, contingent on regulatory approval.