The first ever ETF for XRP: Will the price of Ripple rise by 600%?

The XRP token (XRP) is the biggest winner today, as its price has multiplied several times amidst the buzz of the XRP exchange-traded fund. Despite the severe volatility, legal battles, and the decline of the cryptocurrency market amid tariff chaos, asset management company Teucrium Investment Advisors is preparing to launch the first XRP-based exchange-traded fund in the U.S. markets. With the increasing buzz, the token is witnessing huge gains. Will its price rise by 600%? Let's discuss this. Teucrium Investment Advisors is set to launch the first-ever XRP exchange-traded fund.

Teucrium Investment Advisors is preparing to launch the leveraged ETF XRP, XXRP, today, April 8, in the U.S. market on the NYSE Arca. Most importantly, it is the first ever (ETF) for this cryptocurrency, and it is also a leveraged ETF, making it more interesting as there is currently no spot trading fund for it.

For this reason, Bloomberg analyst Eric Balchunas described it as "very strange" before noting that it was the first case ever. The Teucrium 2x Long Daily XRP ETF will provide double the daily returns of XRP. However, there are significant concerns due to the high volatility of XRP's price, especially during Trump's era of tariffs.

Even investment advisors have warned, but they believe this is the right time to launch due to the decline in the price of XRP. Why is the XRP ETF fund important for the price of XRP?

Industry experts described the approval of the XRP spot ETF as the most important factor in the bullish performance of Ripple's currency. Some even expect the price of XRP to reach 1000 US dollars under these factors.

This is due to the regulatory stance of the U.S. Securities and Exchange Commission (SEC) regarding Ripple, which has significantly affected its performance. However, bullish expectations are forming for the token as the U.S. Securities and Exchange Commission (SEC) expands its vision, and the likelihood of approval for the Exchange Traded Fund (ETF) in the bull market increases. The launch of the Exchange Traded Fund (ETF) today amplifies these expectations. Interestingly, the 10% rise in XRP price reveals growing investor enthusiasm for the Exchange Traded Fund.

Currently, it is trading at $1.86, with a market capitalization of $108.78 billion, and is heading towards an upward trajectory reaching $13 per expert. XRP price forecast: The price of Ripple may rise by 600% in the near future.

Crypto analyst CasiTrades claims that the altcoin is closer to the critical resistance level at $1.90. If the token tests the resistance level and reaches a bottom near the major support level at $1.55, this gives a strong indication of a rise in the price of XRP.

According to its analysis and predictions for the price of XRP, the token is witnessing a major upward trend in April, reaching a level between $8 and $13 during the month. Interestingly, the token has already tested a key resistance level and is heading towards a support level, which increases the credibility of the expected rise. Thus, it concluded that this month is the most significant for the token, especially with the launch of the XRP exchange-traded fund today. Alamo commercia