First US XRP ETF Launches Tomorrow with 2x Leverage
The cryptocurrency market is set to welcome a groundbreaking development as the first XRP Exchange-Traded Fund (ETF) in the United States, dubbed XXRP, goes live tomorrow. This ETF will offer investors 2x leveraged exposure to XRP, aiming to amplify returns based on the asset’s daily price movements. The launch arrives amid growing demand for altcoin investment vehicles, with several other XRP and Solana ETFs still pending SEC approval. Here’s what you need to know.
First US XRP ETF Goes Live Tomorrow
Big news for cryptocurrency fans—the first XRP Exchange-Traded Fund (ETF) is set to launch in the United States tomorrow. Called XXRP, this ETF will provide investors with a way to trade XRP with 2x leverage, aiming to double returns based on XRP’s daily price changes. The launch comes as more investors seek ways to invest in altcoins like XRP, and more XRP ETFs await SEC approval, along with ETFs for other cryptocurrencies like Solana. The excitement also stems from positive developments in XRP’s legal troubles, with the Ripple case nearing its end.
XRP Struggles at $1.90 with Potential Breakout Toward $8–$13
XRP is retesting the $1.90 level after dipping to $1.61. Key support is at $1.55, and a rebound from this level could trigger a powerful breakout toward $8–$13. Momentum indicators suggest a reset, paving the way for Wave 3 if support holds. The recent rally of XRP resulted in a brief spike above $1.90, which soon turned into strong resistance. Despite a 127.46% increase in 24-hour volume to $13.9 billion, the price movement has stagnated just below this barrier.
XRP ETF News: Teucrium Debuts XXRP Leveraged ETF Before Spot ETF Approval
Crypto investors have something significant to cheer for with the launch of a Leveraged ETF tied to XRP in the US. Teucrium Investment Advisors is set to debut a 2x leveraged XRP ETF—XXRP—on NYSE Arca starting April 8, offering traders more exposure to XRP’s daily moves even before a spot ETF gets approval. This comes as Ripple inches closer to the end of its legal battle with the SEC, potentially opening the floodgates for wider XRP adoption.
XRP Price News Today
XRP’s price action has been a topic of interest, especially with its current bearish trends across multiple timeframes. The cryptocurrency has gained more than 6% in the last 24 hours and is trading at $1.90. According to experts, XRP is trapped within a descending parallel channel, hinting at a short-term bearish trend. The critical support is around $1.75, with resistance at approximately $2.66. Additionally, the centerline of this channel, acting as a short-term resistance, sits NEAR $2.15. Recently, XRP broke below the short-term support range of $1.95 to $2.05 and is now retesting this area, which could potentially act as new resistance. A confirmed breakout above $2.05 could lead to resistance at $2.15, with further hurdles around $2.24 to $2.30.
