BitUnix analyst: Trump tariff storm triggers market volatility, first XRP leveraged ETF to go public soon

According to BlockBeats, on April 8th, Teucrium launched the first US 2X leveraged ETF (XXRP) related to Ripple (XRP) and may trade XRP futures or other related instruments to provide the market with the required XRP exposure. Trump's recent tariff policies have caused global market turbulence, with traditional assets being sold off and some funds flowing into cryptocurrency as a safe haven. Despite the continued pressure on market sentiment, investment enthusiasm for XRP has rebounded as the SEC abandons its lawsuit against Ripple and anticipates the listing of leveraged XRP ETFs. BitUnix analysts suggest that the market volatility caused by Trump's tariff policies and the recent SEC abandonment of its lawsuit against Ripple have jointly increased market attention to cryptocurrency safe haven assets. But it also exacerbated short-term volatility. Investors should pay attention to the performance of XRP in the support and resistance range of $1.76 and $1.61, and develop reasonable trading strategies based on their own risk tolerance.