XRP price eyes bullish breakout as the first 1x U.S.-based XRP futures ETF began trading on the Nasdaq exchange on May 22, 2025. This fund is called the Volatility Shares XRP ETF and would be trading under the ticker XRPI. It is designed to offer investors a way to gain regulated exposure to XRP through futures contracts.
According to the recent release, the XRPI will invest at least 80% of its assets in XRP futures and other XRP-linked exchange-traded products. The fund charges a gross expense ratio of 1.15%, with a net cost of 0.94% after fee waivers.
Meanwhile, Volatility Shares also plans to launch a leveraged 2x XRP futures ETF. This fund would be joining Teucrium’s line-up, which already offers a 2x leveraged XRP futures ETF with ticker XXRP.
In a May 21 tweet, Eric Balchunas, a senior ETF analyst at Bloomberg, confirmed the fund is the “first 1x” and noted that the existing Teucrium product’s success shows “there will be demand” for XRPI.
The leveraged ETF by Teucrium has gathered $121 million in assets under management and maintains an average daily trading volume of $35 million. In contrast, Volatility Shares aims to attract more conservative investors with its unleveraged 1x ETF.
The launch of XRPI also raises hopes for an eventual XRP spot ETF, which is still awaiting approval by the U.S. Securities and Exchange Commission (SEC). Pending applications for spot XRP ETFs from firms such as Franklin Templeton and Bitwise are still under review.
Is XRP Price Poised for a Surge Toward $3?
XRP’s price hasn’t reacted to the ETF debut. At the time of writing this report, the cryptocurrency is trading for $2.42 which is just 0.14% recorded in the last 24 hours. However, the trading volume has surged 19% above $4 billion as interest in the token increases.
Currently, the price is consolidating between a support zone at $2.16 and a resistance zone at $2.54. The momentum is low at the moment with RSI at 56, which is neutral. Neither bulls or bears are controlling the market but the overall trend is bullish.
However, the trend seems to be observing a short correction before gathering momentum to charge at the resistance zone. If the XRP price manages to break, the token could see a rally up to $3.4.
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