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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
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📅 End at: July 9, 16:00 UTC
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Bitunix Analyst: Trump's tariff storm triggers market fluctuations, the first XRP leveraged ETF is about to be listed.
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.