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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

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