XRP ETF Goes Live! XRP Beats Bitcoin on Utility, Says Teucrium CEO
Qadir AK24 Apr 20253 min read
XRP is back in the spotlight – this time with a sharp price jump that’s turning heads across the crypto market. In the past 24 hours, XRP price has climbed 4.46% to hit $2.24. Even more impressive? Trading volume has soared by 124%, reaching $5.92 billion. That kind of volume usually means one thing: investors are paying attention. However, the rally did slow down slightly at the $2.30 resistance level, leading to a small pullback of $0.06.
Amid the price action, a key question has emerged across the crypto market: Is XRP going to go up from here?
First-Ever XRP ETF Launches in the U.S.
One reason XRP is on fire right now? A major milestone just dropped: asset manager Teucrium has launched the first-ever XRP ETF in the United States, offering leveraged exposure to the token. That’s a big deal – especially for traders looking for institutional-grade products.
Bloomberg’s Eric Balchunas says the ETF already ranks in the top 5% of new fund launches by trading volume. That’s a strong debut. Teucrium CEO Sal Gilbertie described the response as “terrific” and didn’t hold back on his praise.
He even said XRP has more real-world use than Bitcoin, which he sees mainly as a store of value. Gilbertie also gave Ripple high marks for its professionalism and pointed to XRP’s growing role in global finance.
Ripple-Hidden Road Partnership
Ripple’s partnership with Hidden Road is expected to further enhance XRP’s institutional appeal. Once regulatory approval is granted, Hidden Road will begin using the XRP Ledger for post-trade clearing operations, demonstrating its ability to handle large-scale financial transactions efficiently.
Data firm Kaiko says the success of Teucrium’s ETF could pave the way for a spot XRP ETF – a product that many investors are eagerly waiting for. If approved, it could boost XRP’s market presence and bring in even more institutional interest.
With trading activity rising and investor interest heating up, XRP’s image is evolving fast. It’s no longer just about speculation – it’s about real-world use and long-term potential.
Regulation Shift: New SEC Chair Brings Fresh Hope
On the regulatory side, things are also looking brighter. There’s been a leadership shake-up at the SEC, with Paul Atkins replacing Gary Gensler as Chair. Atkins is seen as more crypto-friendly, which is lifting market hopes for clearer, more supportive regulations.
The end of the long-running Ripple vs SEC lawsuit has also removed a major obstacle for XRP. Now, with the legal cloud clearing, investors are watching closely for the next round of ETF approvals and further regulatory updates.
What’s Next for XRP? Momentum Builds
With strong fundamentals, growing utility, and a more positive regulatory environment, XRP seems to be gaining real momentum. While it’s still facing resistance around $2.30, the bigger picture looks increasingly bullish.
If the current trends continue, it could be gearing up for a major breakout in the weeks ahead.
XRP’s recent moves are carving out a clearer path in a market that’s still figuring itself out.
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