- Volatility Shares filed for a 5X leveraged XRP ETF after already managing a 2X version, with $781 million in total assets under management across crypto products
- XRP dropped 13% over the past week but maintains $6 billion in daily trading volume while holding between $2 and $3.65 price range
- One analyst predicts XRP could fall to $2 as a death cross pattern forms with the 50-day and 200-day moving averages nearing crossover
- XRP futures open interest dropped from $9 billion to $4.05 billion following $610 million in liquidations last Friday
- Spot market volume fell from $23 billion to $6.8 billion as demand decreased following recent market volatility
Volatility Shares submitted paperwork for a 5X leveraged XRP exchange-traded fund. The asset manager already operates a 2X XRP ETF and manages $781 million across its crypto products including Solana.
🚨BOOOOOOOOOOOOOOOOOOM: A 5x $XRP ETF has just been filed by Volatility Shares 🔥
They’re not even waiting for the 3x to get approved.#XRP with turbo? Strap in. ⚡️👀 pic.twitter.com/Suk0KY8D0Q
— John Squire (@TheCryptoSquire) October 15, 2025
Leveraged ETFs work by using futures contracts and options to multiply returns. Investors can gain larger exposure through borrowed capital in margin accounts. The 5X product would give traders five times the daily return of XRP’s price movements.
XRP currently trades between $2 and $3.65 after dropping 13% in the past week. Daily trading volume sits at $6 billion, equal to 4% of the circulating supply. The token reached $2.3980 recently, down 35% from its year-to-date high.
Market Activity Shows Mixed Signals
The token maintains high trading activity despite the price decline. Bitcoin and Ethereum posted new all-time highs while XRP consolidated in its current range. The RSI indicator crossed above its 14-day moving a