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XRP seems to have found relief after Volatility Shares, a US company specialising in innovative ETFs, launched the first ever XRP futures ETF on Nasdaq, sending the price of XRP up by 2.4% following a period of bearish momentum.
The XRP price has risen from a daily low of $2.35 to a high of $2.45 within 24 hours, with trading volume surging to over $4.58 billion as speculative interest grew.
Although the gains may appear modest in percentage terms, they signal a potential shift in short-term momentum, especially considering the token had declined considerably over the past week.
On a broader scale, XRP has delivered impressive returns this year, gaining more than 359% in twelve months, a performance that underscores increasing investor appetite for utility-based digital assets.
As highlighted in our previous XRP price prediction, buyers can now have a sigh of relief, seeing that the previous price drop did not breach the support at $2.30, which means there is a chance of the token attempting to reclaim the resistance at $2.62.
Volatility Shares’ XRP futures ETF on Nasdaq
Volatility Shares, known for its innovative approach to exchange-traded products, unveiled the XRP futures ETF under the ticker symbol $XRPI on May 22, 2025, as indicated in its May 21 filing with the US SEC, making it the first of its kind to provide indirect exposure to XRP via regulated futures contracts.
Eric Balchunas, a senior ETF analyst at Bloomberg, praised the launch of Volatility Shares’ fund, calling it a “market first” that could pave the way for more XRP-related products in the near future.
Notably, the $XRPI marks a significant milestone for the XRP ecosystem, especially at a time when investors have been seeking regulated exposure to XRP through traditional financial instruments.
The ETF is structured to allocate at least 80% of its net assets to XRP-linked derivatives, primarily futures contracts traded on the Chicago Mercantile Exchange, managed through a subsidiary based in the Cayman Islands.
Remarkably, the $XRPI launch follows closely behind Teucrium’s debut of a 2x leveraged XRP futures ETF in April, which has already accumulated $120 million in assets and is posting average daily trading volumes of $35 million.
XRP price outlook
Despite the market’s positive reaction, some analysts caution that XRP’s upward momentum will only be sustained if it successfully breaks above the key resistance at $2.62 and converts it into a new support level.
If bullish momentum persists, a rally toward the previous all-time high of $3.40, set in January 2018, could become a plausible target in the medium term.
XRP’s circulating supply remains steady at approximately 58.7 billion tokens, with a fully capped maximum supply of 100 billion, offering long-term predictability that continues to appeal to institutional investors.
While derivative-based ETFs have now unlocked indirect access to XRP, attention is turning toward several pending spot XRP ETF applications from firms like Franklin Templeton, 21Shares, and Bitwise.
Speculation around spot ETF approvals has been intensifying, with Polymarket placing the odds of a spot XRP ETF approval by 2025 at a striking 83%.
Nate Geraci, president of The ETF Store, remarked that the current regulatory climate is conducive to such approvals, hinting at a broader shift in the SEC’s stance toward crypto-backed investment vehicles.
2x leveraged XRP ETF is *currently* live & trading… I simply don’t see this SEC not approving spot XRP ETF. And sooner, rather than later.
As regulatory clarity begins to take shape, both futures and prospective spot ETFs are poised to play a vital role in expanding XRP’s accessibility and solidifying its place in institutional portfolios.
For now, the successful debut of $XRPI offers a much-needed confidence boost to XRP holders, reinforcing broader optimism that demand for Ripple’s native asset is growing.
With the $2.30 support holding firm and renewed catalysts emerging, XRP appears positioned for a potential breakout, assuming market enthusiasm can be sustained.
Investors will be watching closely as XRP tests the $2.62 level, which could act as a springboard for further gains in the near term.
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