Ripple Rules: XRP’s Inflection Point

Three big catalysts have flipped sentiment on Ripple’s token this summer. First, Ripple closed its four-year court fight by wiring a $125 million civil penalty to the SEC, ending regulatory limbo for XRP sales in the U.S. Second, the company applied for a national bank charter and a Fed master account in early July to support its RLUSD stablecoin—an OCC-vetted move that would weave Ripple directly into the U.S. payments system. Third, ETF issuers pounced on the new clarity: ProShares rolled out Ultra XRP (UXRP) on July 18, giving traders the first U.S.-listed 2× leveraged play on the token. Those headlines, plus XRP’s break above $3.50, have poured fresh capital into newly listed U.S. funds.

U.S.-Listed XRP ETFs to Watch

XRPI — Volatility Shares XRP ETF | AUM $106 million | Expense 0.94 % | 1-month +80.3 %.

XRPI offers 1× synthetic exposure via CME XRP-linked futures held through a Cayman subsidiary. With the lowest fee in the group, it suits investors who want regulated access without leverage drag.

XRPT — Volatility Shares 2× XRP ETF | AUM $67 million | Expense 0.94 % | 1-month +207.4 %.

XRPT doubles the daily move of XRP. Like all geared funds it resets daily, so multiday holders can see returns diverge—sometimes sharply—from 2× spot moves.

XXRP — Teucrium 2× Long Daily XRP ETF | AUM $327 million | Expense 1.89 % | 1-month +204.2 %.

XXRP uses swaps and futures to target 2× XRP’s daily move, making it a high-octane tool for short-term conviction trades. The size of its asset base and triple-digit monthly pop underscore how quickly leveraged crypto ETFs can snowball when sentiment turns.

UXRP — ProShares Ultra XRP ETF | AUM $36 million | Expense 1.67 % | Performance: N/A (launched Jul 18).

UXRP brings ProShares’ brand and distribution muscle to the trade. Though still tiny, it could siphon flows from rival leveraged products if liquidity builds.

Risks That Still Matter

Policy Whiplash – The SEC case is closed, but pending rule-making on crypto custody and stablecoin oversight could sway demand—and ETF futures margins—overnight.

Leverage & Daily Reset – XXRP, XRPT, and UXRP all compound off daily moves; holding them for weeks can amplify losses if XRP chop sideways.

Futures Basis – All four funds rely on CME XRP futures, exposing investors to roll costs when contracts trade above spot (contango).

Bottom Line

A clean legal slate and a budding path toward a U.S. banking charter have reignited XRP—and ETF issuers have wasted no time turning that buzz into tradeable wrappers. XXRP and XRPT cater to thrill-seekers chasing 2× moves, while XRPI offers cheaper, unlevered access. Just remember: the same leverage that turbo-charges rallies can magnify drawdowns, and futures-based structures carry their own quirks. Size positions accordingly, keep holding periods tight for geared funds, and stay tuned—regulatory headlines still hold the power to rewrite this playbook overnight.

Easily stack XXRP, XRPI, XRPT, and UXRP head-to-head with our ETF Compare Tool