Latest news with #VolatilityShares
Yahoo
25-05-2025
- Business
- Yahoo
XRP Plunges Below $2.30 Amid Heavy Selling Pressure
Global economic tensions are weighing heavily on cryptocurrency markets as XRP experiences a significant correction amid heavy selling pressure. The recent announcement of potential 50% tariffs on European Union imports by the US government has triggered widespread market uncertainty, with XRP falling alongside most major cryptocurrencies despite Bitcoin recently reaching new all-time highs. Technical analysts point to critical support at the $2.25-$2.26 range, with market watchers warning that a break below this level could trigger deeper corrections toward the $1.55-$1.90 zone. Meanwhile, institutional interest remains strong with Volatility Shares launching an XRP futures ETF and leveraged ETF inflows surging despite the price dip, suggesting Wall Street continues accumulating positions during market weakness. Technical Analysis Highlights XRP underwent a notable 3.46% correction over the 24-hour period, with price declining from $2.361 to $2.303, creating an overall range of $0.084 (3.57%). The most significant price action occurred during the midnight hour (00:00), when XRP plummeted to $2.297 on exceptionally high volume (37.1M), establishing a strong volume-based support zone. A secondary sell-off at 08:00 saw price touch the period low of $2.280 with the highest volume spike (39.9M), confirming a double-bottom formation. In the last hour, XRP experienced significant volatility with a recovery attempt following the earlier correction. After reaching a low of $2.297 at 13:11, price formed a base around $2.298 before staging a substantial rally beginning at 13:27, peaking at $2.307 at 13:36-13:39 with exceptionally high volume (627K-480K). This bullish momentum created a clear resistance zone at $2.307, which was tested multiple times. The final 15 minutes saw profit-taking pressure emerge, with price retracing to $2.300, establishing a short-term support level that aligns with the psychological $2.30 threshold. External References "XRP Price Watch: Consolidation or Collapse? Market Holds Breath Near $2.35", News, published May 24, 2025. "XRP Price Prediction For May 25", CoinPedia, published May 25, 2025. "XRP Risks Fall To $1.55 If This Support Level Fails – Analyst", NewsBTC, published May 25, 2025.
Yahoo
25-05-2025
- Business
- Yahoo
XRP Plunges Below $2.30 Amid Heavy Selling Pressure
Global economic tensions are weighing heavily on cryptocurrency markets as XRP experiences a significant correction amid heavy selling pressure. The recent announcement of potential 50% tariffs on European Union imports by the US government has triggered widespread market uncertainty, with XRP falling alongside most major cryptocurrencies despite Bitcoin recently reaching new all-time highs. Technical analysts point to critical support at the $2.25-$2.26 range, with market watchers warning that a break below this level could trigger deeper corrections toward the $1.55-$1.90 zone. Meanwhile, institutional interest remains strong with Volatility Shares launching an XRP futures ETF and leveraged ETF inflows surging despite the price dip, suggesting Wall Street continues accumulating positions during market weakness. Technical Analysis Highlights XRP underwent a notable 3.46% correction over the 24-hour period, with price declining from $2.361 to $2.303, creating an overall range of $0.084 (3.57%). The most significant price action occurred during the midnight hour (00:00), when XRP plummeted to $2.297 on exceptionally high volume (37.1M), establishing a strong volume-based support zone. A secondary sell-off at 08:00 saw price touch the period low of $2.280 with the highest volume spike (39.9M), confirming a double-bottom formation. In the last hour, XRP experienced significant volatility with a recovery attempt following the earlier correction. After reaching a low of $2.297 at 13:11, price formed a base around $2.298 before staging a substantial rally beginning at 13:27, peaking at $2.307 at 13:36-13:39 with exceptionally high volume (627K-480K). This bullish momentum created a clear resistance zone at $2.307, which was tested multiple times. The final 15 minutes saw profit-taking pressure emerge, with price retracing to $2.300, establishing a short-term support level that aligns with the psychological $2.30 threshold. External References "XRP Price Watch: Consolidation or Collapse? Market Holds Breath Near $2.35", News, published May 24, 2025. "XRP Price Prediction For May 25", CoinPedia, published May 25, 2025. "XRP Risks Fall To $1.55 If This Support Level Fails – Analyst", NewsBTC, published May 25, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Volatility Shares Launches First XRP Futures ETF on Nasdaq
Volatility Shares launched the first U.S. XRP futures ETF on the Nasdaq Thursday, capitalizing on growing institutional interest in XRP derivatives and Ripple's market momentum. CoinDesk's Christine Lee hosts "Chart of the Day."
Yahoo
23-05-2025
- Business
- Yahoo
First U.S. XRP Futures ETF Begins Trading on Nasdaq
The first-ever U.S.-based exchange-traded fund (ETF) tracking XRP futures on a one-to-one basis started trading on the Nasdaq exchange on Thursday. The Volatility Shares XRP ETF (XRPI) has a gross expense ratio of 1.15% and a net expense ratio after fee waivers of 0.94%. The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked ETPs, according to a prospectus. Volatility Shares also plans to also launch a leveraged 2x XRP futures ETF where it would join the Teucrium (XXRP), which opened for business in April.. XXRP has so far pulled in $121 million in assets-under-management, which Bloomberg senior ETF analyst Eric Balchunased characterized as a 'good signal that there will be demand' for XRPI.
Yahoo
23-05-2025
- Business
- Yahoo
New XRP futures ETFs debut as Ripple-SEC case meanders
Volatility Shares launched XRP futures exchange-traded funds (ETFs) on Nasdaq on May 22. The XRP futures ETF is a type of financial instrument that trades on traditional stock exchanges and provides exposure to the futures contracts of XRP, instead of the cryptocurrency itself. A futures contract is a legal agreement to trade a particular asset at a predetermined price in the future. Volatility Shares Trust XRP ETF (XRPI) is the first-ever futures ETF linked to XRP. On its debut on May 22, the fund opened at $15.88 and closed at $15.81. The ETF issuer also launched the Volatility Shares Trust XRP 2X ETF (XRPT) on the same day. The 2x XRP futures ETF offers twice the daily price appreciation of XRP through twice leveraged exposure to XRP futures. It opened at $15.46 and closed at $15.41 on its debut. Other futures ETFs tied to XRP should also be looked at. Teucrium Investment Advisors' 2x XRP futures ETF (XXRP), already launched on Apr. 8, opened at $37 and closed at $36.80 on May 22. The launches of these futures ETFs tied to XRP in such a flurry have ignited hopes that the nine XRP-tied spot ETFs will also soon debut in the market. However, the Securities and Exchange Commission (SEC) is yet to take any action on these applications. Besides, the SEC's legal case with Ripple reached a shocking dead end recently as the court denied their joint settlement motion on May 15. With a market cap of $142 billion, XRP is the fourth-largest cryptocurrency in the world. XRP was trading at $2.42 at press time, up 12% over a day. New XRP futures ETFs debut as Ripple-SEC case meanders first appeared on TheStreet on May 22, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
