Why is XRP increasing? Bitnomial for the first CFTC future

Customers who seek to reach Bitnomial XRP futures can be through a merchant partner in the Exchange (FCM) committee, including RJ O’Brien and Associats, Marex Capital Markets, Inc. , Or bitnomial Clearing, LLC.

Why does the price of XRP rise today?

The price of XRP rose about 12 % after the news, as it was circulated at $ 2.53 with the market value of more than 148 billion dollars, making it the third largest encrypted currency depending on the market value.

Although XRP corrected less than 4 % on March 20, 2025, and changing hands at $ 2.45 at the time of writing this report, it remains higher than the EMA moving average and approximately three weeks.

XRP price today. Source: CoinmarketCap.com

How does the situation see from a technical perspective? Based on my artistic analysis, the price of XRP to USDT has been moving in the declining slope channel since the January summits. While both sides in the market are currently testing the upper and lower borders of this channel, there is also a somewhat wide resistance area that gives the bears additional advantages.

This resistance area is defined by the peaks from late 2024, ranging from $ 2.60 to approximately $ 2.89, which was later tested as support at the beginning of this year. These levels coincide with the upper boundaries of the descending channel, which leads me to more dependence towards correcting the price of XRP instead of continuing recovery (although many favorable developments for XRP).

Why does the price of XRP rise today? XRP/USDT Technical Analysis. Source: TradingView.com

Select the important support at the level of $ 2: This is not just a psychological threshold but also an area that XRP has tested six times since December, every time it provides a stronger motivation for apostasy. If the price decreases below this level, the bulls can still rely on the support provided by the slope channel, currently about $ 1.80, which coincides with its lowest levels on February 3 when the price decreased temporarily to only $ 1.77.

The introduction of future futures is physically represented by a major development of the cophical currency derivative market in the United States. The material settlement means that the actual delivery of the basic assets occurs at the expiration of the contract, which may create a direct effect on the market than the alternatives that are placed in cash.

XRP News: The organizational battle concludes

The path to launching XRP futures was not directly for Benium. The Stock Exchange initially presented a CFTC self -order operation to include future XRP contracts in August 2024, but it faced resistance from the Supreme Education Council, which insisted on the Pinium record as a stock exchange before follow -up.

This organizational confrontation led Bitnomal to prosecute SEC and its five commissioners on October 10, accusing the agency exaggerating its jurisdiction by classifying XRP as safety.

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SEC decreases XRP suit

The Stock Exchange’s decision coincides with a lawsuit with the CEO of Ripple Brad Garlinghouse that the Supreme Education Council had abandoned its appeal against the judge’s ruling of Analisa Torres in July 2023, which found that XRP was not safe when selling to retail investors.

“I finally managed to announce the end of the case; it has ended,” Garlinghyus said in a video message. “We are now closing a chapter on the date of encryption.”

Change the organizational scene

Bitnomial developments reflect a broader transformation in the American organizational approach to cryptocurrencies. Under a new leadership after the departure of Gary Ginsner as SEC president, the agency had fell many enforcement measures against encryption companies.

Mark Oida, the president on behalf of the Securities and Stock Exchange, pointed to plans to cancel a proposed base under the Biden administration, which would tighten the coding nursery standards for investment consultants. He has also suggested abandoning the proposed changes that the encryption companies require registration.

This organizational axis comes at a time when the Trump administration appears to be a more absorbing position on the encrypted currency industry, focusing on “it’s time to make the United States the capital of encryption in the world.”