XRP Analysts Eye $2.88 as Key Golden Retracement
According to crypto pundit Dhan, analysts are closely watching the $2.88 level as a pivotal golden retracement point for XRP, marking a critical juncture in the token’s price trajectory.
Market observers suggest that if XRP sustains above this threshold, bullish momentum could accelerate, setting the stage for a rally toward $3.41 and potentially higher.
The $2.88 level, often referred to as a “golden retracement,” is rooted in Fibonacci analysis, a widely used tool among traders to identify support and resistance levels.
In this case, $2.88 represents a confluence of technical strength, acting as both a consolidation zone and a springboard for renewed upward momentum. Analysts note that such retracements often precede decisive breakouts when accompanied by strong market sentiment and liquidity inflows.
Momentum indicators also paint a favorable picture. Trading volumes have remained steady, with liquidity deepening on major exchanges.
This consistency signals that market participants are not only holding positions but also preparing for potential upside. Should XRP convincingly reclaim $3.00 and push toward $3.41, it would mark a significant recovery milestone and strengthen investor confidence in its long-term trajectory.
At the time of this writing, XRP was hovering at the $2.79 zone, according to CoinGecko data.
CME XRP Futures Hit Record $12 Million Open Interest with 6K+ Contracts
According to CME Group, a leading derivatives marketplace, XRP futures have reached a new milestone, signaling growing institutional and retail interest in the digital asset.
On August 18, CME XRP futures open interest surged to an all-time high of over $12 million, with more than 6,000 contracts in play. This record comes as CME prepares to mark the anniversary of its XRP futures launch, underscoring the contract’s increasing role in the evolving crypto derivatives market.
Open interest, the total value of active contracts, is a key gauge of market activity and investor confidence. The $12M peak signals surging enthusiasm for XRP, fueled by macroeconomic trends and its expanding role in cross-border payments.
Analysts highlight that sustained growth in derivatives often precedes stronger spot market momentum, suggesting XRP may be entering a new phase of liquidity and price discovery with data recently showing that 93% of holders were still in profit.
Since launch, CME XRP futures have steadily attracted institutional demand, offering regulated exposure with transparent pricing and robust risk-management tools.
By enabling traders to hedge or speculate without directly holding XRP, the contracts expand CME’s crypto footprint beyond Bitcoin and Ethereum. The latest record underscores CME’s growing role as a premier venue for digital asset derivatives.
Analysts link XRP’s surge to growing regulatory clarity, renewed investor confidence, and rising adoption in global payments. Its ISO 20022 alignment enhances utility in cross-border finance, while market optimism has driven strong derivatives demand—cementing XRP’s status as one of 2025’s most closely watched altcoins.
This milestone also reflects a broader trend, entailing the maturation of crypto markets. As institutions seek diversified exposure beyond Bitcoin and Ethereum, alternative assets like XRP are gaining prominence in derivative markets.
For CME, the achievement demonstrates not only the viability of XRP futures but also the growing appetite for regulated, exchange-traded products that meet institutional standards.
Conclusion
CME’s record-setting XRP futures highlight a pivotal shift in the digital asset landscape, where institutional-grade products are driving deeper liquidity and market confidence.
The $12 million open interest not only validates XRP’s growing importance in global finance but also signals broader acceptance of crypto derivatives as mainstream investment tools.
On the other hand, the $2.88 level stands as a pivotal psychological and technical threshold for XRP, signaling resilience and setting the stage for a potential breakout. A decisive move higher could draw fresh institutional inflows, ignite retail momentum, and cement XRP as a standout in the current cycle.
With $3.41 within reach and further upside on the horizon, this trajectory highlights the critical role of technical markers in shaping market expectations.
