Asset manager Teucrium Investment Advisors plans to launch the Teucrium 2x Long Daily XRP ETF (ticker: XXRP), a 2x leveraged product designed for short-term high-conviction views on XRP prices.
Ripple and Cardano are rumored to announce a collaboration, with previous discussions regarding integration of Ripple's stablecoin into Cardano's system.
XRP experienced a decline but rebounded to around $1.87. Analysts predict a potential rally to $2.80 if resistance is broken, or a decline to $1.5160 if Bitcoin causes trouble.
An unknown large investor transferred 200 million XRP (worth over $370 million) to Binance, indicating a potential cash out and increasing selling pressure.