Coinbase Launches 5x-Leverage XRP Perpetual Futures Ahead of $2.80 Demand Zone
Coinbase has added USD-settled XRP perpetual futures with up to 5x leverage, reinforcing its lead in the U.S. crypto derivatives market. Each contract covers 10 XRP, carries a five-year expiration to avoid monthly rollovers, and uses a funding rate to align prices with the spot market. This launch follows Solana perpetual futures and showcases Coinbase’s commitment to secure, regulated trading for digital assets.
Technically, XRP is trading at $2.92, below the $2.96–$2.99 support band. Analysts warn that a failure to hold this range could trigger a retest of the $2.80 demand zone, with some pointing to $2.75 as a critical support level. Traders should monitor XRP perpetual futures closely for signs of leverage-driven volatility and potential buying opportunities near the key demand zone.
Bullish
Coinbase’s launch of XRP perpetual futures with 5x leverage is a bullish catalyst for the XRP market. Historically, the introduction of regulated perpetual futures for major tokens (e.g., ETH perpetual contracts) has led to higher liquidity, tighter spreads, and increased institutional participation. In the short term, leverage-driven trading may spur volatility around key support levels ($2.96–$2.99), but it also creates opportunities for traders to capitalize on price swings. Over the long term, the availability of regulated crypto derivatives reinforces market depth, encourages responsible risk-taking, and can support sustained price discovery as demand for compliant trading instruments grows.