Share this article
Here Are Two Reasons Why XRP Price May Slide: Godbole
CME's denial of XRP futures contradicts the optimism seen earlier this month, as technicals point to weakening of the uptrend.
Jan 23, 2025, 1:44 p.m.
What to know:
- CME's denial of XRP futures indicates a lack of institutional demand for coins other than BTC and ETH.
- XRP surged early this month in hopes of mainstream adoption under Trump's presidency.
- Technical studies indicate a weakening of the upward momentum.
Payments-focused cryptocurrency XRP's short-term outlook appears grim as traditional financial giants do not seem interested in looking beyond BTC and ETH, while price action indicates signs of rally fatigue.
On Wednesday, the Chicago Mercantile Exchange (CME) denied its plans to list futures tied to XRP and Solana's SOL token. This swift denial likely indicates that institutions are not ready yet to dabble with tokens other than bitcoin and ether or potential regulatory hurdles. The CME is the preferred venue for institutions to trade futures and options tied to BTC and ETH.
STORY CONTINUES BELOW
Mis geen enkel verhaal.Abonneer je vandaag nog op de Crypto Daybook Americas Nieuwsbrief. Bekijk Alle Nieuwsbrieven
The CME's denial — at least for now — may be particularly concerning for XRP as it undermines the optimism surrounding XRP's prospects under Donald Trump's presidency. XRP surged to $3.4 early this month after Ripple's CEO Brad Garlinghouse met Trump, spurring hopes for positive developments that could accelerate institutional adoption. Analysts had viewed the meeting as a bullish sign for XRP. Ripple uses XRP primarily as a digital currency to facilitate cross-border payments and remittances.
Rally fatigue
As XRP's price surged close to record highs last week, the Mayer Multiple – which compares the spot price to the 200-day simple moving average – failed to reach new highs and remained below its December peak, indicating a bearish divergence.
This divergence signals a weakening bullish momentum and raises the potential for a price drop. Additionally, the MACD histogram, a tool used to identify trend strength and changes, supports this view by printing lower highs above the zero line.
XRP changed hands at $3.05, representing a 4% drop on a 24-hour basis, according to CoinDesk data. Altcoins, in general, are volatile and tend to follow BTC. So, a rally in BTC could lift XRP above its recent high, invalidating the bearish chart signals.
Read More: Solana, XRP Jump as Trump Reportedly Mulls 'America-First' Strategic Crypto Reserve, but Experts Suggest Otherwise
Meer voor jou
Wat u moet weten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Meer voor jou
Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows
Grayscale says macro demand for alternative stores of value and regulatory clarity are underpinning a sustained crypto bull market heading into 2026.
Wat u moet weten:
- Grayscale says the crypto asset class remains in a sustained bull market heading into 2026, supported by macro demand and regulatory clarity.
- The firm outlines 10 investing themes spanning stablecoins, tokenization, DeFi lending, staking and next-generation blockchain infrastructure.
- Grayscale does not expect quantum computing or digital asset treasuries to have a material influence on crypto markets next year.
Top Stories
