- XRP soared 10% to $1.86 as Teucrium launched the first U.S. XRP ETF on NYSE Arca.
- The XXRP ETF offers 2x daily XRP exposure, boosting market cap to $108.78B.
- Analysts eye $8–$13 XRP rally as ETF approval fuels bullish sentiment.
The United States has witnessed the launch of its first exchange-traded fund based on XRP by Teucrium Investment Advisors which represents a major milestone in the digital asset industry. The XXRP 2x Long Daily XRP ETF appeared today on the NYSE Arca exchange. It offers leveraged exposure to the Ripple token, aiming to provide twice the daily performance of XRP. The fund’s arrival comes amid renewed interest in the asset class, and Ripple’s price has already responded with a notable increase.
XRP Rallies 10% as First ETF Debuts Amid Market Optimism
The XRP token’s value increased by 10 percent when the ETF went live. During the early trading session XRP reached a price point of $1.86, and its market capitalization rose to $108.78 billion. The ETF’s U.S. market debut has led to an increase in the value of XRP which shows that investors are optimistic about the move.
This investment fund represents the first specialized offering for XRP and provides institutional investors with access to the asset through conventional market methods despite not being a spot ETF.
Bloomberg analyst Eric Balchunas found the development unusual since XRP still lacks a spot ETF. He emphasized that this type of leveraged offering is rarely approved before a traditional ETF. However, Teucrium appears to have capitalized on the market timing, launching the product while XRP trades at relatively lower levels.
Ripple Price Strengthens Despite Volatile Market Conditions
The launch takes place amidst difficult macroeconomic conditions. Regulatory scrutiny combined with U.S. trade uncertainty continues to pressure crypto markets. Ripple succeeded in attracting positive investor interest. The ETF launch has contributed to growing institutional curiosity, even though Ripple remains involved in ongoing legal matters with U.S. regulators.
Investment firms and analysts are watching closely as the ETF opens the door to new types of exposure. According to experts, the leverage offered by the product could heighten volatility but also accelerate gains during favorable market movements. Despite risks, interest in the Ripple ETF continues to build.
Crypto analyst CasiTrades highlighted that XRP is nearing critical resistance around $1.90. She noted that if XRP sustains this level and finds support near $1.55, a significant rally may follow. Based on recent price behavior and historical patterns, the token could reach between $8 and $13 within weeks.
ETF Launch Adds Fuel to Broader Bullish Forecasts
The ETF’s introduction has also influenced predictive markets. On Polymarket, the odds of broader ETF approvals for XRP are rising, which may indicate positive sentiment extending beyond this week. Experts believe the leveraged fund could drive higher trading volumes, supporting stronger price action in April.
Through launching a leveraged fund now rather than waiting for a spot product Teucrium demonstrates increased investor demand for bold digital asset investment strategies that offer both substantial risk and reward. This product represents a significant milestone for Ripple’s integration into conventional investment portfolios during the period of regulatory uncertainty.
With institutional activity increasing and retail interest growing, the ETF has added momentum to the Ripple price trajectory.
