In April 2023, XRP ETF became the focus of the cryptocurrency market. Teucrium launched the first 2x leveraged XRP ETF in the United States (code: XXRP) on April 8, providing investors with double daily exposure to XRP returns without the need to directly hold the tokens. This move is seen as a milestone for XRP's mainstream adoption, attracting the attention of both institutional and retail investors. Ten asset management companies, including Bitwise and Grayscale, have applied to the SEC for a spot XRP ETF, with the approval deadline set for May 22, and the market predicts a 72% chance of approval. The new SEC Chairman Paul Atkins supports cryptocurrencies, which is expected to accelerate the resolution of the Ripple lawsuit and the approval of the ETF, potentially pushing XRP prices to new historical highs. However, XRP recently fell by 5% due to market corrections and concerns over XRPLedger vulnerabilities, with the current price around $2.20. Investors need to pay attention to macroeconomic and regulatory dynamics. #XRPETF frenzy continues to heat up, and the coming months will be a critical period.