Teucrium Launches First 2x Leveraged XRP ETF Amid Market Turmoil and SEC Lawsuit Anticipation

On April 8th, COINOTAG reported that Teucrium has launched the first 2x leveraged ETF in the United States focusing on Ripple (XRP) (XXRP), setting a precedent for cryptocurrency investment vehicles. This innovative financial product aims to enhance market exposure by potentially trading XRP futures and related instruments. The ongoing volatility in the global markets, largely spurred by recent tariff policies, has prompted some investors to view cryptocurrencies as viable hedge assets amidst traditional asset sell-offs. Notably, positive sentiment surrounds XRP as investors anticipate a potential resolution in the ongoing SEC lawsuit against Ripple, paired with the ETF’s entry into the market. According to analysts from Bitunix, while this renewed interest may propel XRP’s price movements, it could also lead to heightened short-term volatility. Investors are advised to monitor performance within critical support levels of $1.76 to $1.61, while keeping an eye on resistance at $2.20 for informed trading strategies.