XRP News: First Leveraged XRP ETF Launches on NYSE – XRP Set to Skyrocket to $5?

The first leveraged XRP ETF in the United States has been launched by Teucrium Investment Advisors, increasing investor interest for the well-known altcoin. Trading on NYSE Arca, the Teucrium 2x Long Daily XRP Exchange Traded Fund seeks to achieve two times daily XRP via swap contracts. Particularly as speculation grows around a potential spot XRP ETF approval, the launch gives XRP’s argument in regulated finance fresh impetus. With important SEC rulings getting nearer and market attitude changing, Teucrium’s move marks a significant point in XRP’s path toward institutional use.

Why This ETF Matters and What’s Next

Unlike traditional ETFs, Teucrium’s XXRP is a leveraged product designed for short-term trading, not long-term holding. It doesn’t hold XRP directly but gains exposure through financial instruments like swaps and potentially futures or options. The fund also carries higher risk due to its leveraged structure, as outlined in its prospectus. Still, it opens a new channel for traders seeking high-risk, high-reward positions on XRP without directly engaging in complex derivatives.

Ripple has just resolved a long-running legal battle with the SEC, clearing some regulatory fog around XRP. Now, all eyes are on whether a spot ETF will finally be approved. Polymarket odds for approval by the end of 2025 have jumped significantly, reflecting growing optimism in the market. The SEC faces key decision deadlines on pending applications from Grayscale and 21Shares later this year, while major firms like BlackRock and Fidelity are rumored to be preparing filings of their own.

With rising institutional interest and evolving regulatory frameworks, the introduction of the XXRP fund could be a stepping stone. It offers a glimpse of what a broader suite of XRP-based financial products might look like and adds pressure on regulators to clarify their stance. As markets react, this ETF could act as a litmus test for demand, volatility, and sentiment in the post-lawsuit XRP landscape. Let’s take a look at XRP price prediction to see how this development impacts the price of XRP.

XRP Price Prediction for April 8, 2025

The 15-minute XRP/USDT chart reveals growing bearish pressure, as price action nears key support around $1.8600. After a failed breakout attempt above the $1.9500 resistance, XRP price has pulled back sharply, dropping 1.15% to $1.8720. The current price range is sandwiched between strong support at $1.8600 and resistance at $1.9500. The RSI stands at 38.60, edging closer to oversold territory, which could hint at a possible short-term bounce. However, previous dips into oversold zones (marked on the chart) didn’t yield sustainable rallies, reflecting weak bullish conviction.

Chart 1: Analysed by vallijat007, published on TradingView, April 8, 2025

The MACD also points to downside momentum, with a bearish crossover in play and histogram bars flattening in negative territory. If the $1.8600 support breaks, the XRP price may revisit the lower demand zone near $1.6400. For a bullish recovery, XRP must reclaim and close above $1.9500 with strong volume. Until then, the trend remains under pressure. Traders should watch for RSI moves below 30 or a MACD flip to gauge the next direction.

A Pivotal Moment for XRP Network

Teucrium’s leveraged ETF launch is more than a trading tool; it’s a signal that institutional-grade XRP products are gaining traction. While XXRP targets short-term traders, its debut could influence broader acceptance of the XRP network in regulated markets. With speculation mounting around spot ETF approvals and heavyweight asset managers circling, the XRP ETF’s role in traditional finance may be entering a new phase. The coming months will test whether investor demand and regulatory clarity can align to turn this momentum into a lasting market structure. For now, XXRP is a bold step in that direction.