According to Eric Balchunas, a Bloomberg analyst, the new leveraged XRP ETF named Teucrium 2x Long Daily XRP ETF with symbol XXRP has recorded a trading volume of around $5 million on its first day. Balchunas described this launch as noteworthy, stating that XXRP is now among the top 5% of new ETFs. The fund has outperformed the Solana (SOL) leveraged fund recently launched by Volatility Shares. John Deaton, a Ripple supporter, expressed on social media: ‘Despite negative sentiments in the crypto space, I’ve always believed that Ripple has more appeal than what market participants acknowledge.’ The XXRP fund is the first double-leveraged Ripple fund in the United States, providing investors with the ability to capitalize on short-term volatility of this popular cryptocurrency through swap contracts. However, XRP’s price has decreased by about 3% in the past 24 hours and despite Ripple announcing a historic purchase agreement on Wednesday, it has not shown a strong comeback yet. XRP’s price fluctuated around $0.50 to $0.60 for most days in 2024 but surged to over $2.50 after Donald Trump’s victory in the US presidential election, almost reaching its all-time high of $3.84 in January 2025. However, its price declined thereafter and currently stands around $1.80. Despite the recent dip, Standard Chartered Bank predicts XRP could reach $5.50 by the end of the year and $12.50 by the end of 2028. Some analysts like Kavon Marx have predicted using the Moving Average Convergence Divergence (MACD) indicator that XRP’s price could reach $3.30. On the other hand, Ali Martinez has warned that XRP’s price may first drop to $1.30. You can track the live prices of all tokens and cryptocurrencies on the real-time digital currencies price page.
