Bitunix Analyst: Trump's tariff storm triggers market fluctuations, the first XRP leveraged ETF is about to be listed.

2025-04-08 14:24:34

Abstract generation in progress

BlockBeats News: On April 8, Teucrium launched the first 2x leveraged ETF (XXRP) linked to Ripple (XRP) in the United States, with the possibility of trading XRP futures or other related instruments to provide the XRP exposure that the market needs. Trump’s recent tariffs have sparked turmoil in global markets, and traditional assets have been sold off, causing some of the money to flow to cryptocurrencies as a safe-haven. While market sentiment remains under pressure, XRP investment enthusiasm has picked up amid the SEC’s abandonment of the lawsuit against Ripple and the expectation of a leveraged XRP ETF listing. Bitunix analyst advice: The market volatility of Trump’s tariffs and the recent backdrop of the SEC’s lawsuit against Ripple have combined to raise the market’s focus on crypto safe-haven assets. But it also exacerbates short-term volatility. Investors should pay attention to XRP’s performance in the $1.76 and $1.61 support and $2.2 resistance range, and develop a reasonable trading strategy according to their own risk tolerance.

TRUMP-2.57%

XRP-2.66%

WAVES-1.29%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.