At press time, Ripple’s XRP has been moving sideways for the past two trading sessions and is trading steadily around $2.34. Curiously, this period of minimal fluctuation refers to the launch of XRP futures on the CME Group’s derivatives platform following the US Commodity Futures Trading Commission (CFTC) classification of XRP as a commodity.
And being the very first trading day, XRP futures drew huge interest in the market with a total trading volume of more than $2.4 million. CME Group data showed nine standard XRP futures contracts, each representing 50,000 XRP, traded under $1 million in notional volume. Furthermore, 236 micro contracts in the volume of 2,500 XRP ($0.3) per each increased the volume by another $1.38 million. Rising institutional and retail interest in XRP as a tradeable asset under regulated conditions is signaled.
ETF Speculation Adds Momentum to Ripple’s Bullish Outlook
XRP’s recent price behavior has drawn attention amid growing discussions about potential Exchange-Traded Fund (ETF) developments. Although no official XRP ETF has been approved yet, ongoing regulatory clarity and the CME listing could strengthen the case for future ETF products. Market participants closely watch these developments, with predictions suggesting XRP may reach $4 if momentum continues and regulatory pathways open further.
The increased activity and interest are occurring despite a generally calm broader crypto market. Other leading cryptocurrencies such as Bitcoin and Ethereum have posted modest gains, but XRP’s volume suggests it is maintaining a unique position driven by derivatives trading and potential institutional support.
Salamanca (DON) Sees Sharp Growth as Community-Driven Project Targets $0.01
Meanwhile, Salamanca (DON), a meme coin inspired by the fictional Salamanca cartel from television, is gaining rapid traction on the Binance Smart Chain (BSC). Trading at approximately $0.001969, the token reached a high of $0.002117, with over 1.11 billion DON tokens exchanged daily. Recent listings on Gate.io, MEXC, and Pancakeswap have fueled user interest, resulting in over 10,000 new holders joining within days.
The project’s growth is driven by its alignment with popular internet culture and engagement across platforms like Telegram and X. DON’s developers aim to expand the project further by introducing NFT integration, decentralized finance (DeFi) offerings, and multi-chain compatibility to enhance utility and community interaction.
With speculations around a possible Binance listing, the DON token is positioning itself as a contender in the competitive meme coin space. Projections suggest that if current trends persist, DON could achieve a price target of $0.01, marking a substantial increase from current levels.
XRP and DON are under close market scrutiny as they pursue their respective price goals, which are supported by community engagement, exchange listings, and evolving regulatory developments.
For more information about Salamanca (DON) visit:
- Website: https://salamanca.club/
- Twitter/X: https://x.com/salamanca_token
- Telegram: https://t.me/salamancatoken
- Buy DON gateio – https://www.gate.io/zh/trade/DON_USDT
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