Fundamental Ecosystem

Many fundamental ecosystems are developing that can affect the price of XRP forever. One of them is the increasing push for spot XRP ETF products in the United States.

While waiting for the complete spot ETF is still ongoing, alternative products have been launched.

Teucrium has launched the first leveraged ETF in the country, which has seen significant adoption since its inception.

Additionally, Bitnomial has launched XRP futures ETF, leveraging the closure of the legal battle Ripple v. U.S. SEC last month.

ProShares is on track to launch a similar futures product to track the price of the coin. The assumption is that these new products can drive the price of XRP upward in the future.$XRP