<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
XRP perpetual contracts have seen a new listing on one of the world's oldest crypto exchanges, <a href="https://twitter.com/Poloniex/status/1722586556131844533" rel="noopener noreferrer nofollow">Poloniex</a>. In a tweet, Poloniex announced the listing of a USDT-margined XRP perpetual contract.
As stated in its official announcement, Poloniex Futures will launch the USDT-margined XRP perpetual contract on Nov. 9, 2023, at 10:00 a.m. (UTC).
<blockquote>
 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> Perpetual Futures is open for trading! 🚀<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a><a href="https://t.co/4uYh9nrAkC" rel="noopener noreferrer nofollow">https://t.co/4uYh9nrAkC</a>Details:<a href="https://t.co/vH5AzgTYWx" rel="noopener noreferrer nofollow">https://t.co/vH5AzgTYWx</a><a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPArmy</a> <a href="https://twitter.com/hashtag/PoloniexListing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PoloniexListing</a> <a href="https://t.co/bOpzU2blQR" rel="noopener noreferrer nofollow">pic.twitter.com/bOpzU2blQR</a>— Poloniex Exchange (@Poloniex) <a href="https://twitter.com/Poloniex/status/1722586556131844533?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2023</a>
</blockquote>
The USDT-margined perpetual contract, XRP/USDT, will offer leverage of 1x to 20x and will be supported in cross-margin/isolated-margin modes.
Last month, top U.S. crypto exchange Coinbase announced the arrival of perpetual futures, including XRP, for Coinbase advanced customers in eligible non-U.S. jurisdictions.
<a href="https://u.today/xrp-reclaims-key-level-as-interesting-altcoin-scenario-begins" rel="noopener noreferrer nofollow">XRP</a> has continued to gain new listings after achieving regulatory clarity in a landmark July ruling in the Ripple lawsuit that determined that XRP sold on crypto exchanges were not securities.
<h2 id="xrp-price-action">XRP price action</h2>
The <a href="https://u.today/xrp-forms-golden-cross-details" rel="noopener noreferrer nofollow">XRP price</a> started a major rally from the $0.47 level in October. Consequently, the bulls pumped the price above the $0.50 and $0.63 resistance levels. XRP surged shortly, in line with the emergence of a bullish golden cross on its daily charts.
On Nov. 6, XRP broke beyond the $0.67 resistance, but the bulls were unable to break through the next barrier at $0.74. At the time of writing, XRP was experiencing profit-taking, falling 0.85% in the last 24 hours to $0.684.
Despite the present profit-taking, it appears that lower levels continue to attract buyers.
If the price of XRP remains above $0.63, the chances of a retest of $0.74 advance as well. Above this level, XRP might reach $0.85 and ultimately $1.
If the price falls below $0.63, it would indicate that the bullish impetus might have diminished, and XRP may fall to $0.60.

XRP Futures Listed on Major Crypto Exchange: Details

Table of Contents

U_Today

Other articles published on Nov 9, 2023

Zircuit, New ZK Rollup Backed by Pioneering L2 Research Launches Public Testnet

Grayscale inches closer to spot Bitcoin ETF with ‘constructive’ SEC dialogue

Gensler’s nod to FTX revival sparks market frenzy

Whale Accumulation Strengthens MATIC’s Price Performance

Sony Delays 6 of Its 12 Confirmed Live Service Games

Kraken’s Journey Into Layer-2 Blockchain Networks

Join our free newsletter for daily crypto updates!