XRP Price Forecast: 70% Surge Possible as CFTC-Backed Futures Hit Coinbase

XRP price could see a major upswing, with a potential 70% rally looming on the horizon, as investors anticipate the rollout of XRP futures under the regulation of the U.S. Commodity Futures Trading Commission (CFTC) on Coinbase. This development is fueling optimism among traders and analysts who see it as a game-changer for market participation and price momentum.

According to data shared on TradingView, technical analysis reveals a bullish pattern forming for XRP. The cryptocurrency has recently broken through descending resistance, setting the stage for what could be a significant price advance. The projection indicates a target of around $0.95, which equates to a potential 70% gain from current levels.

Rising expectations around institutional adoption and increased liquidity due to regulated products are reinforcing the bullish outlook. Since XRP has been at the center of several regulatory uncertainties in the past, the decision to launch CFTC-supervised futures adds a layer of legitimacy that can attract more strategic investors.

Moreover, the announcement aligns with a broader market trend of integrating cryptocurrencies into mainstream financial systems through secure and regulated offerings. Coinbase’s move to provide XRP futures trading aligns with its efforts to bridge the gap between digital finance and traditional infrastructure.

Technically, analysts are monitoring XRP’s behavior around critical resistance levels. The breakout from the long-standing trendline adds credence to the bullish scenario. If the price holds above key short-term support zones, it could open the door to sustained upward movement.

Another noteworthy point is the growing trading volumes that typically accompany futures listings. These spikes in volume can create momentum, which often translates into price appreciation, particularly when fueled by positive news or structural market developments.

XRP has maintained a relatively strong base despite broader market volatility, underpinned by steady interest from its community and expanding use cases. With futures trading set to begin, traders believe that institutional flows might provide the catalyst needed for XRP to reach new short-term highs.

Still, as with any forecast in the cryptocurrency space, risks and volatility remain. Traders are advised to monitor price levels closely, particularly around $0.65 and $0.75, as these mark previous resistance areas. Managing risk through careful position sizing and strategic stops is recommended as prices approach key technical zones.

While past XRP rallies have often been swift and substantial, some caution is warranted due to ongoing legal matters surrounding Ripple Labs, XRP’s parent company. However, the inclusion on Coinbase under a CFTC-regulated framework could signal growing clarity and compliance, potentially mitigating regulatory concerns in the near term.

The market eagerly awaits the formal launch of XRP futures on Coinbase. This milestone is expected to attract a new segment of traders, especially those regulated under U.S. jurisdiction who have previously had limited access to XRP derivative products.

Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows

In conclusion, XRP appears to be on the edge of a strong upward breakout, supported by technical and fundamental factors. With regulated futures trading on the horizon via a trusted platform like Coinbase, market sentiment leans bullish. A 70% gain may be an optimistic projection, but current trends and momentum certainly support the possibility of significant near-term appreciation.