XRP Gains 7% Ahead of Nasdaq CME Crypto Index Trading
Ripple (XRP) gained a little above 7% in 24 hours to $1.52, a price move fueled by investor optimism following the US regulatory win and the CME Group’s decision to add the token to the Nasdaq Crypto Index.
The U.S. Senate Banking Committee voted 15-9 to advance the Digital Asset Market Clarity Act. This landmark bill aims to establish clear jurisdictional lines between the SEC and CFTC, ending years of regulatory ambiguity for digital assets like XRP.
The White House is targeting a July 4 signing deadline. This is bullish for XRP because it moves the U.S. closer to a permanent, legislated framework that confirms XRP’s status as a digital commodity. Reduced regulatory risk could unlock more institutional capital and product development.
Supporting the momentum, CME Group, a leading derivatives exchange, will include XRP in its new Nasdaq CME Crypto Index futures launching June 8.
This cash-settled product provides regulated exposure to seven top cryptocurrencies, including XRP, Bitcoin, and Ethereum. CME also transitions all its crypto products to 24/7 trading starting May 29.
This is bullish for XRP, as it deepens the asset’s integration into traditional finance. Inclusion mandates automatic buying by funds tracking the index, enhancing liquidity and validating XRP’s standing as an institutional-grade asset.
Institutional interest remains strong. XRP investment products recently saw a 1,220% weekly spike in inflows to $39.6 million. Demand is supported by both regulated product flows and strategic long-term holders, providing a solid foundation for the rally.XRP Gains, Breaks $1.45 Resistance on Clarity Act Optimism
