A huge leap in the trading of XRP boxes .. and customers are waiting for the approval of the first immediate box

The circulating investment funds (ETFS) associated with the Ribel currency (XRP) witnessed a big leap in the trading volume, in conjunction with the high currency price to levels approaching $ 3.

According to Eric Balunas, the chief analyst in Bloomberg on the X platform, the XRP trading volume jumped 4 to 5 times compared to the usual size.

The financial leverage XXRP box leads growth

Perhaps the most prominent of these products was the XXRP box with a crane X2, which was recently launched on the NYSE Arca Stock Exchange, with a value of 27% during the last 24 hours, and achieved weekly gains by 55%, and its weekly trading volume reached 120 million dollars, which is its highest level since the beginning of its inclusion.

It is noteworthy that the fund depends on the XRP futures, which makes it a high -risk and high -return product where the gains or losses are enlarged depending on the price movements, and the value of the assets under management (AUM) of the XXRP box reached about 163.5 million dollars, beating all other products managed by the company “Teucrium” from the state of Fairmont.

The most remarkable thing is that this is the first time in the history of investment funds in which a product with a financial lever (2X) is launched before a regular box (1X) is available, which reflects the large demand for investment tools linked to XRP.

XRP price enhances investment products

XRP performance in the market was the main factor behind this momentum, as the currency increased by about 7%in the last 24 hours, and by 25%within a week to reach $ 2.77, according to CoinmarketCAP data, thus increasing the currency performance since the beginning of the year by 19.48%, which is almost a similar performance of what Bitcoin (24%) and Roon (20%) achieved.

On the other hand, most of the major currencies such as Ethereum, Solana, BNB, Ada and Dogin are still at the beginning of the year despite the recent altitudes.

The stable currency RLUSD records remarkable growth

Besides XRP, the stable currency associated with the RLUSD has registered a strong growth, as the supply exceeded $ 500 million in less than 8 months since its launch, and according to Defillama data, RLUSD ranked 16th among the largest stable currencies, superior to famous names such as Trueusd, AAVE GHO and USDD, after increasing its supply by 25% in one month.

Do we approach the immediate XRP box?

With the high interest in XRP and its traded boxes, investors are waiting for whether the American Securities and Exchange Committee (SEC) will agree to the issuance of an immediate XRP ETF fund, so far the committee has not issued any official decision regarding these funds although it has asked other companies to amend the requests of the Solana boxes.