Bloomberg analyst Eric Balchunas reports that Ripple'S new lever ETF, Teucrium 2x Long Daily XRP ETF, and the XXRP symbol, recorded about 5 million in trading volume on its first day of operation.

Balchunas described the start as remarkable, adding that XXRP is now among the top 5 percent of new ETFs.

Also, the fund performed better than the Solana lever fund (Sol), which was recently launched by volatility Shares.

Ripple's pro lawyer John Dayton also wrote on social network X:

Despite the negative sentiment in the crypto field, I've always believed that Ripple has more appeal than what market operators accept.

The XXRP fund is the first double-leveraged ripple fund in the United States to allow investors to fluctuate short-term from these popular cryptocurrencies using swap contracts.

However, Ripple's price has fallen by about 3 percent in the past 24 hours and despite the announcement of a landmark acquisition deal by Ripple on Tuesday, it has yet to make a strong comeback.

Ripple's price fluctuated around 0.50 to 0.60 for most of 2024, but after Donald Trump won the US presidential election, it reached over 2.50 and in January 2025 approached its historic record of 3.84. But it continued to fall in price and is now around  1.80.

Despite the recent spill, Standard Chartered predicts XRP may reach 5.50 by the end of the year and 12.50 by the end of 2028.

Also, some analysts such as Javon Marx have predicted that the price of XRP could reach 3.30, citing the MACD indicator.

By contrast, Ali Martinez has warned that Ripple's price may initially fall as much as 1.30.