CME Group will begin 24/7 trading of XRP-linked futures on May 29, removing traditional market-hour constraints for institutional participants in one of the fastest-growing crypto derivatives products.
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CME launches 24/7 XRP futures on May 29 as token holds $1.35
XRP traded at $1.35, down 0.5%, as CME Group said it will launch 24/7 futures trading for the token on May 29.
"Continuous trading eliminates the weekend gap risk that institutional traders have flagged since XRP futures launched," said Nina Volkov, crypto markets analyst at Edgen. "It aligns XRP with the 24/7 spot market while keeping the regulatory wrapper of a CME product."
CME's existing XRP futures became the fastest crypto futures product to cross $1 billion in open interest, according to exchange data. The shift to round-the-clock trading is expected to improve price discovery and reduce gaps caused by market closures, particularly during weekend sessions when spot XRP continues trading but CME derivatives do not. Spot XRP ETFs have drawn over $1.5 billion in cumulative inflows since launch, with issuers including Franklin Templeton, Grayscale and Bitwise reporting sustained institutional demand.
The launch coincides with compressed price action for XRP. The token has traded inside a tight range between $1.34 and $1.40 over the past week, with the lower boundary near $1.31 tested multiple times without a clean breakdown. Resistance near $1.48 has capped recovery attempts, keeping the market locked in a consolidation phase that technical analysts describe as coiling rather than trending.
Supply squeeze builds as exchange reserves shrink
Exchange-held XRP supply has dropped by nearly 57% over the past year, falling from about 4 billion XRP to roughly 1.5 billion XRP, according to blockchain data. The decline reflects ETF custody locking tokens away from the open market and investors moving assets to self-custody. With a fixed maximum supply of 100 billion XRP and a deflationary mechanism that burns a small amount per transaction, the shrinking liquid supply creates conditions that could trigger a supply squeeze if demand continues to rise.
Crowd sentiment has also reached levels that historically preceded local recoveries. Santiment data shows XRP's bullish-to-bearish comment ratio fell to 1.1-to-1 on May 25, the most bearish reading in three weeks. The analytics firm classifies extreme retail pessimism as a contrarian signal, noting that prior comparable sentiment troughs were followed by rebounds of 20% to 50%.
The $1.31 support level remains the key line between consolidation and broader downside risk. A daily close below that level would shift focus to the mid-$1.20s, while a sustained move above $1.48 resistance would open a path toward $1.53 to $1.60. The CME futures launch on May 29 serves as the next major catalyst, with traders watching whether improved institutional access amplifies the on-chain signals pointing toward accumulation.
This article is for informational purposes only and does not constitute investment advice.
[1] CME Launches 24/7 Futures Trading for XRP on May 29[2] XRP price forecast: $1.36 level holds as CME futures near launch[3] XRP Sentiment Just Hit a 3-Week Low While Whale Wallets Hit a Record High — Is This the Contrarian Buy Signal?[4] XRP slips below $1.35 after triangle breakdown puts focus on $1.30 support[5] Can XRP Hit $1.50 as Supply Shrinks and ETF Demand Grows?
