Teucrium Investment Advisors is set to launch its Teucrium 2x Long Daily XRP ETF (XXRP) after securing NYSE Arca approval. This marks the first exchange-traded fund (ETF) in the United States to offer leveraged exposure to XRP (XRP).

The move comes as the race for a spot XRP ETF intensifies in the US, with Polymarket odds suggesting a high likelihood of approval this year.

What Is Teucrium’s 2x Long XRP ETF and Why It Matters

The XXRP fund aims to deliver two times (2x) the daily price performance of the altcoin. It will begin trading on NYSE Arca on April 8.

According to its prospectus, the fund will not directly invest in XRP. Instead, it will primarily gain exposure through swap agreements with global financial institutions. 

There is also a provision for investment in XRP futures contracts, options, XRP-related companies, and spot XRP ETPs as needed. Additionally, the fund may utilize reverse repurchase agreements to enhance its investment capital.

“The fund presents different risks than other types of funds. The fund uses leverage and is riskier than similarly benchmarked funds that do not use leverage. The fund is intended to be used as a short-term trading vehicle,” the prospectus read.

The ETF enables investors to access the XRP market with a lower capital investment compared to buying equivalent derivatives directly. It has a management fee of 1.85% and offers monthly distributions to investors.

The launch of XXRP comes at a pivotal moment for XRP, as Ripple recently settled its legal battle with the SEC. Despite the lack of an approved spot ETF, Teucrium’s leveraged product offers a new avenue for investors seeking amplified exposure to the fourth-largest cryptocurrency by market capitalization. According to BeInCrypto data, XRP’s market cap stands at $111 billion.

Bloomberg’s senior ETF analyst Eric Balchunas commented on the development in the latest X (formerly Twitter post). He highlighted the unusual nature of this launch.

“Very odd (maybe a first) that a new asset’s first ETF is leveraged,” he said.

Balchunas also noted that while a spot XRP ETF has yet to be approved, the odds of such approval remain high. Many in the industry share this sentiment.

Interestingly, in anticipation of the XXRP launch, the likelihood of a spot XRP ETF receiving approval has surged. According to the prediction market platform Polymarket, odds have jumped by 5% since yesterday.

The chances of approval by December 2025 now stand at 75%. However, the outlook for a short-term approval by July 31 remains more cautious, with odds currently sitting at just 33%.

It is worth noting that the SEC faces a critical deadline in October to decide on two XRP-based ETFs. These include the Grayscale and 21Shares XRP ETFs, following their filings in the Federal Register in February.

Additionally, BeInCrypto reported that major asset managers, including BlackRock and Fidelity, could soon file for an XRP ETF, joining WisdomTree, Bitwise, and Canary Capital.

As regulatory clarity around digital currencies continues to evolve, the market will be watching closely to see how this pioneering ETF performs and whether it paves the way for further XRP-based financial products in the US.

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Ethereum price failed to recover above $1,700 and dropped below $1,550. ETH is now correcting losses and might face resistance near the $1,620 zone.

• Ethereum failed to stay above the $1,620 and $1,550 levels.
• The price is trading below $1,620 and the 100-hourly Simple Moving Average.
• There is a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair remains at risk of more losses if it fails to clear the $1,620 resistance zone.

Ethereum Price Recovery Faces Resistance

Ethereum price failed to stay above the $1,700 support zone and extended losses, like Bitcoin. ETH declined heavily below the $1,650 and $1,620 levels.

The bears even pushed the price below the $1,550 level. A low was formed at $1,410 and the price recently corrected some losses. There was a move above the $1,550 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,815 swing high to the $1,410 low.

However, the bears are active near the $1,620 zone. Ethereum price is now trading below $1,620 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,615 level.

There is also a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD. It is close to the 50% Fib retracement level of the downward move from the $1,815 swing high to the $1,410 low. The next key resistance is near the $1,660 level.

The first major resistance is near the $1,720 level. A clear move above the $1,720 resistance might send the price toward the $1,820 resistance. An upside break above the $1,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,620 resistance, it could start another decline. Initial support on the downside is near the $1,540 level. The first major support sits near the $1,505 zone.

A clear move below the $1,505 support might push the price toward the $1,420 support. Any more losses might send the price toward the $1,380 support level in the near term. The next key support sits at $1,320.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,540

Major Resistance Level – $1,620