Crypto.com exchange is planning to launch the XRP Crypto Event Contract for trading on February 14. This move not only benefits the exchange but also provides new use cases for XRP. Analysts believe that this could trigger an upside for the asset's price, with a potential target of $3 in a bull case scenario. Crypto.com plans to list the XRP Event Contract under the United States Commodity Futures Trading Commission (CFTC) approval. The exchange has previously offered similar services for Bitcoin and Ethereum. The filing for the XRP Event Contract is part of the increasing interest in crypto solutions among institutional investors. Additionally, Nasdaq has applied with the SEC to exchange XRP and Litecoin using ETFs, and Grayscale has filed to launch a spot XRP ETF. The introduction of the Event Contract will give traders the ability to speculate on the price movement of XRP under a regulated framework. Some market observers and analysts are optimistic about the future potential of XRP, with price targets ranging from $3 to $8. The current XRP price is $2.46 with a slight increase in the last 24 hours.



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