During Thursday’s U.S. trading session, the XRP price recorded a 4.4% fall to reach its current trading value of $2.4. The selling pressure followed the buyer’s inability to sustain the recent market upswing after yesterday’s FOMC meeting. While the continued correction hints at another breakdown of most major altcoins, the Ripple cryptocurrency shows potential for a bullish reversal as major exchanges begin to adopt more favorable trading conditions, including the introduction of XRP futures.
Key Highlights:
- Over the past two weeks, Bitnomial has added physically settled futures on major altcoins such as Ethereum, Solana, Avalanche, Chainlink, Litecoin, Bitcoin Cash, Hedera, Polkadot, and just now XRP.
- A downsloping trendline drives the current correction trend in Ripple cryptocurrency.
- The renewed recovery in XRP price is 12% short from a bullish breakout of multi-month resistance.
XRP/USD Futures Launch Brings New Opportunities to the Ripple Market
Bitnomial, a leading exchange for cryptocurrency futures, has officially launched its physically settled XRP/USD futures contracts. Starting from March 20, 2025, traders can now engage in the XRP/USD futures market with real asset delivery and enhanced regulatory compliance under the CFTC (Commodity Futures Trading Commission).
This new offering follows the voluntary dismissal of Binomial Exchange’s lawsuit against the SEC, which paved the way for its expanded offerings. XRP futures are expected to bring more liquidity and transparency to the market, especially as Bitnomial’s contracts are designed to settle with the actual asset rather than cash, providing traders with more accurate and reliable market prices.
🚀And We’re Live 🚀
Bitnomial’s physically settled XRP/USD futures are now trading. Trade with real asset delivery, stronger price discovery, and full CFTC regulatory compliance.
Contract Specs and More: https://t.co/5medLQuC3C
Read: https://t.co/4prl7nCsIG pic.twitter.com/NahTjw8rtB
— Bitnomial (@Bitnomial) March 20, 2025
This new XRP-based product could attract institutional and retail investors, potentially driving up demand for the ripple cryptocurrency.
XRP Price Analysis Shows 25% Growth Potential
In the daily time frame chart, the XRP price witnessed a V-shaped recovery from $1.9 to $2.44 — a 28% increase — in the last two weeks. This reversal showcased price sustainability above the 50% retracement level, which is crucial support for buyers to maintain a broader bullish trend.
As the coin price reclaims the 20-and-50-day EMA slope, the buyers could likely push another 12% surge to hit downsloping resistance (red) at $2.7. Since mid-January 2025, the dynamic resistance has carried a steady correction, and therefore a potential will signal a change in market dynamic.
The post-breakout rally could push the asset 25% up to hit the high of $3.4.
Conversely, if the broader market downturn persists, the XRP price could revert from the overhead resistance and extend the correction trend.
