The price of XRP stood at $1.30 after rising by 1.66% over the past 24 hours. The move came on the heels of a recovery in cryptocurrencies, with the market rising 0.6% to $2.47 trillion.
Another catalyst for volatility was CME Group’s launch of 24/7 cryptocurrency futures contracts. Bitcoin price rose To a rise of more than $74,000 after Trump said that the blockade on the Strait of Hormuz would be lifted.
CME launches cryptocurrency futures contracts 24/7
CME Group is moving towards more around-the-clock trading in cryptocurrencies. This change will impact access to regulated derivatives. The exchange has transitioned Bitcoin and Ether futures and options to continuous trading on Globex.
The new day began at 4:00 PM Central Time, Friday, May 29. Trading resumes every day, and there is a short maintenance period.
The update also applies to XRP, Solana, and Cardano futures. This provides traders more options between time zones.
The Chicago Mercantile Exchange operates 24/7 for Bitcoin futures, ending the era of the “Chicago Mercantile Exchange Gap.”
CME Group announced that it will officially enter the 24-hour cryptocurrency market. Starting Friday, Bitcoin futures and options will be traded on the Chicago Mercantile Exchange 24/7 on the Globex electronic trading platform, with… pic.twitter.com/VovH5TIDvF
— Wu Blockchain (@WuBlockchain) May 28, 2026
It also eliminates weekend price differences that affected Bitcoin analysis. Previously, traders would monitor the Chicago Mercantile Exchange for any potential reversals.
These spreads can narrow as futures follow spot markets more closely. This shift could make it easier for institutions to hedge, liquidity and manage risks. It allows a faster response to weekend news and macro shocks.
ETF flows indicate cautious positioning
XRP spot ETFs recorded an outflow of 1.12 on May 29. The break came after eight days of $53 million in inflows. A breakout indicates that investors may be waiting for confirmation.
Bitcoin ETFs also took a hit, with $733 million withdrawn. This was the lowest reading in about a month, since late January. There are mixed positions between price recovery and withdrawal of funds.
the Bitcoin future predictions It needs to stay above the liquidation level of $72,280 to maintain the momentum. A move above that area would test $78,000. If he collapses again, he will once again reveal $70,000. If there is more volatility, XRP could follow this overall risk cycle.
Will XRP price maintain the support level at $1.30?
At the time of writing this article, current XRP price It stands at $1.31, up 0.48% over the past four hours.
The MACD indicator is seeing a moderate bullish crossover after the recent downtrend. However, the MACD indicator is hovering near the neutral zone. This does not indicate a strong change in XRP’s direction yet.
The RSI was 46.72, indicating positive momentum, but XRP is still not in the bullish zone. If buyers continue to hold the $1.30 support level, XRP price may first try to break the $1.35 resistance level.
A 4-hour close above $1.37 could provide an opportunity to rise towards $1.40. If the trend continues to strengthen, XRP could approach $1.45. But if it fails to stay above $1.30, the recovery setup will become weak. In this case, XRP price could retest the $1.25 support area.
