XRP News Today: Crypto.com Adds XRP to Strike Options for US Traders

Crypto.com, a prominent Singapore-based cryptocurrency exchange, has broadened its Strike Options product to include XRP contracts, thereby enhancing access to derivatives trading for users in the United States. This development comes on the heels of increased activity surrounding XRP, including a significant real estate tokenization project in Dubai and new price entry strategies proposed by a well-known crypto analyst.

The exchange officially announced this update through its X account, inviting XRP holders to engage with its regulated crypto derivatives platform. Strike Options, currently available only in the U.S., enable traders to predict whether an asset’s price will finish above or below a specified strike price within a 20-minute window. XRP now joins a list of other supported assets, including Bitcoin, Solana, Ether, Dogecoin, Cronos, Shiba Inu, and Litecoin.

With the addition of XRP, Strike Options continues to expand its range of supported digital assets under the supervision of the Commodity Futures Trading Commission. The product allows users to execute trades based on straightforward “Yes” or “No” price predictions, with a minimum position size of $10. This model facilitates quick responses to short-term price movements, and users can adjust their positions during the active 20-minute cycle, providing flexibility in volatile markets. Crypto.com has indicated that additional jurisdictions will gain access to Strike Options in the near future, although specific timelines have not been confirmed.

On the same day as the contract expansion, the Dubai Land Department adopted the XRP Ledger for its inaugural real estate tokenization initiative. The blockchain will serve as the infrastructure for a new project led by Ctrl Alt, a financial engineering firm specializing in digital asset infrastructure. This initiative has received support from the Virtual Assets Regulatory Authority, the Dubai Future Foundation, and the real estate platform Prypco.

Meanwhile, technical analysts continue to see potential for XRP to trade higher in the upcoming sessions. For instance, Dennis Liu, a crypto angel investor and host of the VirtualBacon channel, revealed his plan to enter the XRP market for the first time. He is monitoring a potential 20% to 23% drop from the current ratio of 0.00002136 in the XRP/BTC trading pair, targeting a range between 0.000017 and 0.000019, which he refers to as the “value zone.” Liu outlined two scenarios for reaching this level: either XRP falls to $1.80 if Bitcoin holds around $100,000, or the ratio drops naturally if Bitcoin climbs toward $128,000 while XRP remains stable.