XRP ETF Launch Sparks Interest, But Price Faces Uncertainties

The recent launch of the Teucrium 2x Long Daily XRP ETF in the U.S., generating $5 million in volume, signals growing institutional interest in XRP derivatives. This move comes amid a broader trend where short-term price movement for XRP is seen as affected by both technical factors and macroeconomic influences. The current price sits near $2.16, with traders closely watching the 50-day SMA at around $2.25 – a line that has transitioned from support to resistance. This presents a key test for investors looking to capitalize on potential breaks. If XRP prices break above this level with volume, it may target $2.60 and beyond, but failure to move past the current resistance could push the price down toward $2.00 or even lower. The broader economic environment remains uncertain, with factors such as inflation, regulatory ambiguity from the SEC, and central bank policies all playing a role in shaping market sentiment. )