Ripple's XRP has gained significant attention in the crypto market following the CME Group's announcement to launch XRP cash-settled futures contracts, a move that is expected to enhance its mainstream adoption.

These new futures will come in two contract sizes, catering to various investment strategies: one for 2,500 XRP and another for 50,000 XRP.

This initiative by CME signifies a broader trend of digital currencies moving towards mainstream financial acceptance, which could reshape investment strategies and regulatory landscapes.

This development is expected to significantly increase liquidity for XRP, positioning it similarly to Bitcoin and Ethereum, and improving the chances of an XRP ETF approval.

As of late April 2025, the odds for an XRP-spot ETF approval have risen to 72%, reflecting growing optimism among investors.

The launch of XRP futures is seen as a significant step towards integrating XRP into traditional finance, potentially enhancing its market price.

Currently, XRP is valued at approximately $2.21, showing a slight decrease over the past 24 hours, yet it remains the fourth-largest cryptocurrency with a market capitalization exceeding $126 billion.

Technical indicators, including the Relative Strength Index and Moving Average Convergence Divergence, show a bullish crossover, although overall momentum remains weak.

XRP's price forecast suggests cautious bullishness, with technical indicators indicating that it must breach the 100-day SMA at $2.20 to aim for higher resistance levels.

Overall, the market sentiment around XRP remains largely bullish, with a significant percentage of investors expressing confidence in its future.

Despite recent rallies, XRP's price is showing signs of retracing, suggesting that a local top may have been reached.

On-chain activity for XRP has surged, with active addresses increasing by over 67%, reflecting heightened user participation and market enthusiasm.