XRP price is trading near $1.47 after rising 3.36% over the past 24 hours, as traders reacted to CME Group’s plan to launch Nasdaq CME Crypto Index futures that include XRP among several digital assets.
The token moved within a 24-hour range of $1.41 to $1.47 and gained about 5.9% over the past seven days. The move came as institutional crypto products, whale accumulation data, and U.S. regulatory developments gave traders new factors to watch.
CME Group said it plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory approval. The product will be CME’s first market capitalization-weighted crypto futures contract and will track a basket that currently includes Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar.
The futures will be cash-settled and offered in both micro-sized and larger contracts. CME said the product is designed to give investors broader exposure to the crypto market through a single regulated instrument.
CME’s planned index futures represent a shift toward basket-style crypto exposure in regulated derivatives markets. Until now, Bitcoin and Ethereum futures have dominated institutional crypto trading on traditional exchanges.
The Nasdaq CME Crypto Index futures will settle against the Nasdaq CME Crypto Settlement Price Index. As of May 14, the index includes BTC, ETH, SOL, XRP, ADA, LINK and XLM, covering a wide part of the listed crypto market.
CME said demand for regulated cryptocurrency futures has continued to grow. The exchange reported that average daily volume across its crypto product suite rose 43% year to date. In the first quarter of 2026, CME’s crypto average daily volume reached 310,000 contracts, up from 191,000 contracts a year earlier.
For XRP, inclusion in the index gives the asset another place inside a regulated institutional product. It does not mean direct buying of XRP by CME futures traders, since the contracts are financially settled. However, it may support wider market visibility among institutions using derivatives for hedging, allocation, and risk management.
On-chain data also showed growing activity among larger XRP holders. According to Santiment Intelligence, wallets holding at least 10 million XRP now control a combined 45.83 billion XRP, worth about $68.5 billion at current prices.
That level is the highest since May 2018 and represents about 68.5% of the token’s supply. Large holder accumulation is often watched by traders because it can show how concentrated investors are positioning during periods of market uncertainty.
The XRP Ledger also reached a new high of 332,230 wallets holding at least 10,000 XRP. Those data points to a wider base of larger holders while the token continues to trade below prior cycle highs.
Source: X
Market attention has also turned to U.S. crypto regulation. As we reported, the CLARITY Act advanced from the Senate Banking Committee in a 15-9 bipartisan vote, with Senators Ruben Gallego and Angela Alsobrooks joining Republicans in support. The bill still needs full Senate approval and reconciliation with House legislation before becoming law.
For XRP traders, the bill matters because it could clarify token classification and market oversight rules. XRP has remained closely tied to U.S. regulatory debates since Ripple’s long-running dispute with the Securities and Exchange Commission.
From a technical view, the XRP price has moved above the $1.4746 resistance level on the three-day chart. Analysts tracking the structure said the token has broken a descending resistance line that had capped price action for months.
According to crypto analyst Dark Defender, the $1.4746 level is now the nearest support for the breakout structure. If XRP holds above that level on a three-day closing basis, traders may look toward the next resistance zones at $1.66 and $1.88.
Source: X
A stronger continuation could bring higher Fibonacci extension levels into focus, including $3.56 and $5.85. Those levels remain conditional on broader market demand, liquidity, and follow-through buying.
If the XRP price falls back below $1.4746, the breakout would weaken, and the price could retest support near $1.36. That level is the next downside area watched by traders if momentum fades.
In addition, the Relative Strength Index on the three-day chart has started turning higher, which suggests improving momentum, hence a potential for a bullish rally.
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