CME Group Confirms No Plans for XRP or Solana Futures Launch
Chicago Mercantile Exchange (CME) Group has stated it has no current plans to launch futures for XRP or Solana. A leaked beta page suggested a launch date of February 10, but the CME confirmed the page was published by mistake. No official decisions regarding these futures have been made.
Following the leak, XRP and Solana prices briefly rose by up to 3% before retracing. Futures Open Interest for XRP increased by 1.3%, totaling $6.9 billion, indicating strong investor confidence despite a 2.5% price drop today.
Market speculation continues regarding a potential price rally for XRP, with forecasts suggesting it could reach $15, fueled by expectations of a settlement in the Ripple vs SEC case and possible approval of a spot XRP ETF by the end of 2025.
For Solana, the price fell by 4.4% after a recent rally. Despite this, optimism remains due to new filings for Solana ETFs. The Relative Strength Index (RSI) is at 62.26, signaling cooling bullish momentum. If buying pressure increases, Solana may retest the $260 level, with potential targets at $280 and $294. However, bearish sentiment could push the price below the $230 support level.
Source: TradingView