The Long Ripple (XRP) Exchange-Traded Fund (ETF) with double leverage by Teucrium experienced consecutive capital inflows for five days. On the first day, the ETF’s trading volume reached $5.551 million, closing at $23.37. By April 9th, the trading volume surged to $13.333 million, with the final price increasing to $28.92. Subsequently, on April 10th, the trading volume decreased to $8.876 million, closing at $27.07. On April 11th, the highest price recorded for this ETF was $29.21, with a trading volume of $8.579 million, indicating rapid market attention towards the new Ripple ETF. Analysts find the trading volume for an independent and double-leveraged ETF quite significant in the current market conditions. Furthermore, Teucrium’s CEO noted that investors’ reception exceeded expectations, making this ETF the most successful offering in the company’s history. Additionally, Ripple futures contracts were launched on Bitnomial exchange on March 20th. The U.S. Securities and Exchange Commission (SEC) has settled a legal case against Ripple, removing a major legal obstacle and smoothing the path for more ETF registrations. Moreover, the addition of smart contracts to the Ripple network can expand its use cases. At the time of writing, Ripple’s price was $2.04, showing a 3.84% growth in the last 24 hours. EGRAG Crypto, a renowned analyst, predicted that Ripple’s price could reach $45 if the 2017 pattern repeats. Similarly, if the 2021 pattern repeats, the cryptocurrency’s price is expected to increase to at least $19. Visit the real-time digital currency price page to monitor token and cryptocurrency prices live.
