News View Non-AMP

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

Published by
Anjali Belgaumkar

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.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

SEC’s Hester Peirce Pushes for In-Kind Redemptions for Bitcoin ETFs

In a recent interview, SEC Commissioner Hester Peirce revealed that the agency is open to…

June 3, 2025

XRP Price Prediction 2025: Expert Warns of Historic 90% Crash

XRP could be heading for a dramatic price move — and an expert is sounding…

June 3, 2025

Ripple Strikes Major Deal: Germany’s DZ BANK Goes Live with XRP Custody

Ripple just made a massive move in Europe, quietly. According to crypto analyst pumpius on…

June 3, 2025

Solana Secures Dubai VARA Partnership, Eyes Crypto Growth in MENA

Solana just landed a major partnership in the Middle East but the market's reaction has…

June 3, 2025

What’s Preventing Solana (SOL) Price From Reaching $180?

Solana's price has demonstrated sufficient strength in the past by initiating quick recoveries and reclaiming…

June 3, 2025

Norway’s NBX Joins Bitcoin Treasury Trend, Stock Jumps 138%

The Bitcoin tide continues to turn corporate heads, this time in Norway. As BTC hovers…

June 3, 2025