Breaking News: Volatility Shares to Drop First-Ever 1x XRP Futures ETF Tomorrow - XRPI Hitting Nasdaq!

Get Ready for a New Way to Ride the XRP Wave

Hold onto your hats, crypto fans! Volatility Shares is set to shake things up on Thursday, May 22, by launching the very first 1x XRP futures ETF in the U.S. Yep, you heard that right! The ticker will be XRPI, and it's coming to the Nasdaq, offering a less wild ride for those looking to track XRP's price swings without the rollercoaster of leverage.

This groundbreaking ETF marks the debut of a non-leveraged XRP futures fund in the U.S. market. Bloomberg's ETF guru, Eric Balchunas, spilled the beans on May 21, shouting it out on social media. He pointed out that this follows hot on the heels of a 2x XRP ETF already making waves out there.

That 2x beast, managed by Teucrium, has raked in a cool $120 million and sees around $35 million in daily trades. Talk about demand for XRP-linked ETFs!

"VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI.. yes there is a 2x XRP already on market (this is first 1x) and it has $120m aum and trades $35m/day. Good signal that there will be demand for this one."

The fresh XRPI ETF is set to mirror XRP futures one-to-one, a smoother option for both big-time and small-time investors looking to dive into XRP without the leverage headache.

Volatility Shares steps up as the investment adviser, and they're charging a 1.15% management fee. But hold up—thanks to a sweet fee waiver deal, it's dropping to 0.94% until May 2026. Score!

The XRPI fund is all in on cash-settled XRP futures contracts, mainly through a Cayman Islands sub, and plans to park at least 80% of its cash in XRP-related financial goodies.

This launch comes while the SEC is still playing the waiting game on several spot XRP ETF proposals, including ones from big players like 21Shares and Franklin Templeton. We're on the edge of our seats for a decision by June 17.

And guess what? The XRP fever is spreading! The Chicago Mercantile Exchange jumped into the XRP futures game on May 19, and they kicked off with a bang, trading $19 million on day one.

Right now, XRP's chilling just above $2.35. The charts are painting a mixed picture, but we're seeing a bullish flag forming—often a sign that the party's just getting started, though we're still waiting for the confetti to drop.

The relative strength index is hanging out at 54, playing it cool and neutral. Most moving averages, like the 20, 50, 100, and 200-day EMAs, are flashing bullish signals with XRP prices cruising above them. But hold up—the moving average convergence divergence is hinting at some short-term sell-off vibes.

If XRP keeps its cool above $2.35 and breaks through $2.50, it could be off to the races, eyeing the $2.70–$2.80 range, backed by solid EMA vibes and ETF buzz. But if it dips below $2.35, watch out—it might slide back to the $2.20–$2.25 zone. If the selling pressure cranks up, it could even tumble toward the 100-day EMA at $2.06.