The XRP price has jumped by 3.5% in the past 24 hours, with the past quarter’s explosion in CME futures contracts boosting the XRP price prediction today.
Open interest in XRP futures contracts crossed $1 billion in the past 3 months on CME’s platforms, with XRP being the fastest cryptocurrency to achieve this milestone.
This is a hugely bullish signal for XRP, which has been attracting institutional interest amid the expectation that spot-based XRP ETFs could be only a matter of weeks away.
And when combined with Ripple’s ongoing growth and expansion, we could see the XRP price breaking new records by the end of the year.
XRP Price Prediction: XRP Becomes Fastest CME Contract to Hit $1 Billion – Can Institutions Push XRP to $1,000?
Posting an update at the start of the week, CME Group revealed that its cryptocurrency futures contracts had passed $30 billion in notional open interest, which it interpreted as “a huge sign of market maturity.”
It also noted that Solana and XRP futures crossed $1 billion in open interest, as did Ethereum options.
What’s interesting from an XRP perspective is not only the fact that its futures were the quickest to reach $1 billion, but also the fact that open interest stands at an “all-time record.”
In other words, it remains in a growth phase, and could easily see its open interest continue to climb in the coming weeks and months.
This is exceedingly positive for the XRP price, which as we can see looks ready to recover from recent losses.
Source: TradingViewIn particular, its MACD (orange, blue) has recently flattened after turning negative, signalling that a rebound could be about to begin.
Similarly, XRP’s relative strength index (yellow) has also plateaued after sinking below 50, and again it may also resume climbing.
What’s also bullish is that there’s some evidence that whales are accumulating XRP, as indicated by Whale Alert data from the past 24 hours.
With momentum building and institutional capital flowing in, XRP looks poised to break above $4 in Q4, with a strong chance of ending the year above $5 if current trends hold.
A $1,000 XRP may sound far-fetched today, but with mass adoption, major token burns, and regulatory breakthroughs, even that level of upside could one day come into play.
Maxi Doge On a Roll: New Viral Meme Coin Raises $1.5 Million in Presale
XRP looks like it will only reinforce its position in the coming months, yet traders aiming to widen their exposure to potential upside may also consider diversifying into smaller, newer tokens.
Smaller tokens can often outperform the market, particularly when they first list and begin attracting new exchange listings.
This can often happen to presale coins, which can have the advantage of producing lots of momentum and hype before launching.
And one coin doing just this is Maxi Doge ($MAXI), a meme coin built on Ethereum that is offering an amped-up take on the familiar Dogecoin formula.
It opened its presale a few weeks ago, and has already raised just over $1.5 million.
This is a strong sign of its future popularity, with the coin’s viral memes and marketing already winning over plenty of converts.
It boasts over 11,000 followers on X, while its official Telegram channel now has over 1,700 subscribers.
It’s on Telegram that it will focus on building a community of traders, who will share tips and also compete in trading contests.
These contests are aimed at promoting greater engagement and activity, with winners appearing on global leaderboards and receiving rewards.
As a token, MAXI will have a max supply of 150.24 billion tokens, which holders will be able to stake for a passive income.
Investors can join the presale now by going to the Maxi Doge website, where $MAXI is currently available at $0.000254.
This price will rise later today and will continue to rise until the sale ends.
Visit the Official Website Here
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