XRP has surged to a new all-time high on CoinMarketCap, surpassing Tether and securing the third spot in the cryptocurrency rankings. This impressive rise coincides with the launch of XRP futures trading by CME Group on May 19th, fueling market excitement. The CME Group is offering two types of XRP contracts, catering to both individual and institutional investors: micro contracts (2,500 XRP) and standard contracts (50,000 XRP), which are cash-settled without the need for physical delivery. These products aim to address various investor needs, with micro contracts focusing on risk management for smaller players while standard contracts offer liquidity and tighter spreads.