XRP’s rocket ride to a record $3.50 isn’t just outpacing titans; it’s fueled by Republican backing of the CLARITY Act and Ripple’s USD stablecoin debut. But the real showstopper? The Teucrium Leveraged XRP ETF (XXRP), stealing the limelight and leaving other tokens in its dust.
XXRP ETF: A Rocket Ship Fueled by XRP’s Ascent.
Since its April launch, the XXRP ETF has skyrocketed, delivering a staggering 136% return, leaving XRP’s already impressive 81% gain in its dust. Investors are piling in, pushing assets under management to a hefty $471 million. This ETF isn’t just riding the wave; it’s creating its own.
Institutional bets on Ripple are stacking up. The market’s starting to see the light: regulatory fog lifting, innovation charging ahead, and Ripple poised to capitalize.
Fueled by Republican support for the CLARITY Act, XRP’s price ignited this week, blasting off to a new record high.
81st biggest asset globally
Ripple: A 66% surge this year catapults its market cap to an astounding $204 billion. But hold on, the full picture? A fully diluted valuation soaring past $300 billion.
It has grown into the 81st biggest asset globally.
XRP vs XXRP chart | Source: crypto.news
Forget simply owning XRP. The XXRP fund supercharges your crypto game! It’s not your typical crypto ETF; it’s engineered to deliverdoublethe daily performance of XRP. Imagine XRP jumps 1% – XXRP leaps a full 2%. Ready to amplify your XRP exposure?
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Want to amplify your returns? Some investors are doing just that with leveraged ETFs. Take the ProShares UltraPro QQQ, for instance. Over the past five years, it’s rocketed an astounding 240%, leaving the Nasdaq 100’s respectable 126% gain in the dust. Could leveraged ETFs be your ticket to turbocharged growth?
XRP ignited, fueled by investor euphoria over the GENIUS Act, a boon for Ripple’s upcoming USD stablecoin. Ripple USD’s market cap has exploded from absolute zero in December to a staggering $517+ million today, a meteoric rise. Now, it’s hot on the heels of PayPal’s PYUSD, poised to challenge the fintech giant’s stablecoin dominance.
XRP price technical analysis
XRP price chart | Source: crypto.news
XRP’s been on a tear! Forget sideways action, the bulls have wrestled control. Zooming in on the daily chart, it’s clear: XRP blasted through the roof of a symmetrical triangle, catapulting itself out of what looked like a bullish pennant just waiting to explode.
XRP shattered the $0.38 ceiling, a peak untouched since January 16th, surging past it with newfound momentum. Buoyed by its position above the 50-day and 100-day moving averages, XRP’s trajectory points skyward, confirmed by bullish signals flashing from the RSI and MACD indicators.
The bullish pennant’s flagpole soared 86% skyward! Now, imagine that same powerful surge unleashed from the breakout point. Projecting that upward thrust, we pinpoint a thrilling target: $4.2615!
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