Coinbase has launched XRP perpetual futures, offering up to 5x leverage, as part of its strategy to expand its U.S. crypto derivatives market presence. Each contract is USD-settled and represents 10 XRP, aligning with U.S. regulatory standards to ensure a secure trading environment. This follows the recent introduction of Solana futures, further enhancing Coinbase's leveraged trading options. The perpetual futures allow traders to hold positions indefinitely without rollover complexities, maintaining price alignment with the spot market. Currently, XRP is trading at $2.92, just below the $2.96–$2.99 support band. A failure to maintain this support could lead to a retest of the $2.80 demand zone, a critical level for the token.