XRP price hovered at $1.30 after gaining 1.66% over the past 24 hours. The move followed a crypto rebound, with the market rising 0.6% to $2.47 trillion.
Another catalyst for volatility was CME Group’s launch of 24/7 crypto futures. Bitcoin price climbed to a surge above $74k after Trump said the Strait of Hormuz blockade would be lifted.
CME Launches 24/7 Crypto Futures
CME Group goes further into crypto around-the-clock trading. The change will impact access to regulated derivatives. The exchange switched Bitcoin and Ether futures and options to continuous trading on Globex.
The new day has started at 4:00 p.m. Central Time, on Friday, May 29. Trading resumes every day and there is a short maintenance period.
The update also applies to futures on XRP, Solana and Cardano. This provides traders with more options between time zones.
CME Goes 24/7 for Bitcoin Futures, Ending the “CME Gap” Era
CME Group announced that it will officially enter the around-the-clock crypto market. Starting this Friday, CME Bitcoin futures and options will trade 24/7 on the Globex electronic trading platform, with only a… pic.twitter.com/VovH5TIDvF
— Wu Blockchain (@WuBlockchain) May 28, 2026
It also eliminates the weekend price differences that influenced the Bitcoin analysis. Once, traders would monitor the CME for possible reversals.
That spreads could diminish as futures more closely follow spot markets. The transition could make it easier for institutions to hedge, liquidity and manage risk. It allows for quicker response to news on the weekend and to macro shocks.
ETF Flows Point to Cautious Positioning
XRP spot ETFs recorded an outflow of 1.12 on May 29. The period of respite came after eight days of inflows worth $53 million. The break suggests investors may be waiting for confirmation.
Bitcoin ETFs also took a hit, seeing $733 million being withdrawn. This was the lowest reading in nearly a month, since late January. There is mixed positioning between price recovery and fund withdrawals.
The future Bitcoin outlook needs to stay above the $72,280 liquidation level to sustain momentum. A move above that area will hold a test of $78,000. If it breaks down again, it will again reveal $70,000. If there is more volatility, then XRP could follow that overall risk cycle.
Will XRP Price Hold $1.30 Support Level?
At the time of writing, the current price of XRP stands at $1.31, up 0.48% over the past 4-hours.
The MACD is having a mild bullish crossover after the recent downtrend. However, the MACD is hovering near the neutral area. It does not indicate a robust trend change in XRP yet.
The RSI was 46.72, indicating a positive momentum, but XRP is still not in bullish territory. If buyers continue to hold up the $1.30 support level, XRP price may first try to break up the $1.35 resistance.
A 4-hour close above $1.37 could provide opening for a rally toward $1.40. If the trend continues to strengthen, XRP might make an approach to $1.45. But if it fails to stay above $1.30, the recovery setup will become weak. In that case, XRP price could retest the $1.25 support zone.
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