So, would a potential XRP futures launch support this rally? XRP has formed an asymmetric triangle formation on the weekly chart, which is associated with strong trend momentum. Could this positive technical outlook and possible futures launch trigger a rally for XRP to reach the $15 target?

The XRP price fell 2% in the last 24 hours due to profit taking after reaching a seven-year peak of $3.40 on January 16. However, it appears that XRP is poised to continue its recent three-month rally. The reasons for this include the crypto-friendly Trump administration and macroeconomic developments.

Additionally, there are reports that the Chicago Mercantile Exchange (CME) Group is preparing to launch futures contracts for Solana (SOL) and XRP on February 10.

It was stated that these contracts will include standard and micro-sized versions. However, this information was removed from CME Group’s website after a short time.

A CME Group spokesperson emphasized that leaked information from the beta version of the site accidentally became public and that no official decision has yet been made regarding launching futures for XRP or SOL.

Although there was no official confirmation, following this news, the XRP price rose 3.2% within minutes on January 22. Commenting on this leak, Bloomberg senior ETF analyst James Seyffart commented, “Frankly, this is logical and, if true, an expected development.”

According to leaked information, XRP futures contracts will be offered in standard sizes containing 50,000 XRP per lot and micro sizes containing 2,500 XRP. The XRP/USD pair maintains its upside momentum after breaking the upper resistance line of a multi-year symmetrical triangle, continuing the bullish momentum that has been going on for the last four weeks.

Between January 2018 and January 2025, XRP price movements formed a symmetrical triangle formation on the weekly chart. The price started a strong upward move by breaking the descending trend line of the triangle at $0.68 in mid-November 2024.

The target based on the distance between the lowest and highest points of this triangle is set at $15. This represents an increase of approximately 390% from current price levels.

Many analysts predict that XRP could reach the $15 target this year. Reasons include XRP adoption, technical outlook, institutional demand and the crypto-friendly Trump administration.

For example, Mickybull Crypto noted that XRP is trading near the upper end of a bull flag and its target is $15. Using Fibonacci levels and Elliott Wave theory, popular crypto analyst Egrag Crypto also shared an optimistic price prediction predicting that XRP could reach $15 by May 5, 2025.