CME Group Launches Futures for XRP and SOL Quoted in Spot Prices
Introduction of New Futures: CME Group has launched Spot-Quoted futures for XRP and SOL, complementing existing Bitcoin and Ether futures, and allowing trading alongside major U.S. equity indices.
Market Demand and Flexibility: The new futures cater to both retail and institutional traders, with over 1.3 million Spot-Quoted Bitcoin and Ether contracts traded since June, indicating strong market demand and providing longer-term trading strategies.
Enhanced Trading Features: The introduction of Trading at Settlement (TAS) for SOL and XRP futures offers traders improved management of settlement risk, allowing for multi-month expiries without the need to roll contracts monthly.
Integration of Traditional Banking and Blockchain: Cross River Bank has begun settling stablecoin transactions onchain using USDC on the Solana blockchain, marking a significant step in merging traditional banking with blockchain technology for faster payments.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT) As of , Altlayer (ALT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ALT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00306 | 0.00498 | 0.00691 | 0.00883 | 0.0108 | 0.0127 | 0.0146 |
| Fibonacci | 0.00498 | 0.00645 | 0.00736 | 0.00883 | 0.0103 | 0.0112 | 0.0127 |
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