How High Will XRP Price Go After CME Adds Ripple to NASDAQ Crypto Index on June 8?

XRP price had surged by 2.85% at the time of writing to trade at $1.47, while trading volumes were up by 93% to $4.43 billion. The hike in volumes and price not only mirrors the gains across the rest of the market, but also comes after CME announced it will launch a NASDAQ CME Crypto Index, and XRP has been named as one of the crypto assets that will be included. The index will launch on June 8, and XRP might kickstart a strong rally once this happens.

CME to Add XRP to NASDAQ Crypto Index

The CME will have a crypto index futures contract with XRP on June 8. This is a big deal for XRP because when it goes to CME, more people are going to get access to it, and the demand will cause the price to go up to potentially $2 or beyond.

This might already be causing a buzz on Upbit, where XRP has more volume than Bitcoin today, May 15.

CME previously launched XRP futures in May 2025, and this product had 2,215 contracts yesterday, May 14. The contracts have never been this high since April 14.

XRP going to the CME will cause gains because it has happened before. In May 2025, the price went from $1.46 to $2.65. It went up by 81%. XRP is at $1.46 again, meaning that if it starts the same 81% gains journey now, it might get to the high of $2.65 that it reached in May 2025.

How High Will XRP Price Rally as Resistance Holds

The resistance for XRP price is at $1.48. It has failed to overcome this obstacle since March 18 because buyers are not willing to start buying at $1.48.

The RSI reading of 57 shows this unwillingness to buy at $1.48. Every time XRP has touched this price, the RSI has flattened out, and this shows there is less willingness to start buying here.

But even if buyers were sitting on the sidelines, the AO reading was flashing a good sign that bulls are slowly tightening their grip. The bars are green and have been growing in length. This suggests XRP might just move past $1.48, especially now that the crypto index is launching at the CME.

XRP has failed to go past $1.48 since February 15, and a triple bottom can now be seen after dropping to the same support of $1.34 for three times. The depth of 10% shows where XRP will go after June 8.

XRP went up by 10% from the support of $1.34 to $1.48. If it goes past $1.48, it will get to $1.62. This is how high it could go after the June 8 CME futures launch.

Whales Start Accumulating

Whales are buying XRP below $1.48. A previous CoinGape XRP price analysis noted that there are now 332,230 wallets that have more than 10,000 XRP.

Those with 10 million XRP are also buying and have 45.83 billion coins. Santiment says this is the most they have held since 2018.

All this buying suggests $1.48 is just a temporary obstacle that XRP price might clear even before June 8, when the NASDAQ CME Crypto Index is launched.