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GraniteShares has officially submitted a filing with the U.S. Securities and Exchange Commission (SEC) for a 3x leveraged XRP ETF, giving traders the ability to take amplified long and short positions on Ripple. The move follows growing interest in leveraged XRP products, particularly the 2x ETFs from ProShares and Teucrium, which have already seen substantial inflows.
Pro-XRP lawyer Bill Morgan believes the new offering could trigger what he calls “panic buying” among investors eager to gain higher exposure to XRP. He pointed to the ETF’s potential to draw aggressive retail and institutional traders into the market, intensifying price movements in the short term.
The filing highlights a growing appetite for leveraged crypto products, particularly among investors seeking higher-risk, higher-reward opportunities. With XRP currently testing crucial support levels, experts are closely monitoring market reaction.
Rising Demand for Leveraged XRP Products
The new 3x ETF comes amid strong demand for 2x leveraged XRP ETFs, which have already demonstrated significant market traction. The Teucrium 2x XRP ETF (XXRP) has accumulated more than $440 million in assets since its August 2025 launch. Similarly, the REX-Osprey XRP ETF (XRPR) has gathered over $87 million in AUM in under three weeks, signaling robust investor interest.
This trend indicates that traders are increasingly willing to take leveraged positions on XRP, reflecting confidence in the cryptocurrency’s long-term potential. GraniteShares aims to tap into this growing market by providing an ETF that offers three times the daily performance of XRP, creating opportunities for amplified gains—or losses.
Bill Morgan emphasized that the new ETF could act as a catalyst for heightened trading activity, particularly as retail investors respond to the heightened risk-reward scenario. “I expect panic buying XRP in the face of this strong ETF demand,” Morgan said.
XRP Price Faces Short-Term Pressure
Despite growing interest in leveraged ETFs, XRP’s price has been under pressure in recent days. The cryptocurrency is trading near the $2.85 support level, following a 4.5% drop last week. Market analysts warn that breaching this support could result in a further slide toward $2.68 or even $2.20, as noted by popular trader Peter Brandt.
The pressure comes amid a broader crypto market sell-off and rising retail fear, compounded by ongoing uncertainty in SEC regulatory decisions regarding multiple Ripple ETF applications.
Santiment, a blockchain analytics firm, reported that retail fear for XRP is at its highest level since the U.S. tariff announcements six months ago. Bearish commentary has dominated sentiment over recent days, although historical patterns suggest that spikes in negative sentiment can precede price rebounds.
Why the 3x ETF Matters
A 3x leveraged XRP ETF is significant because it allows traders to amplify their exposure to Ripple without directly purchasing the cryptocurrency. This can attract both aggressive retail traders and institutional players looking to hedge or capitalize on short-term market trends.
GraniteShares’ filing is part of a broader trend of leveraged crypto ETFs, reflecting the growing maturity of the digital asset market. With six Ripple ETF applications under SEC review in October 2025, the potential approval of a 3x XRP ETF could reshape investor behavior, especially among those seeking high-risk, high-reward opportunities.
By offering both long and short leveraged options, GraniteShares positions itself to capture demand from traders who want to profit from both upward and downward price movements. This flexibility could accelerate trading activity and create periods of high volatility, potentially boosting XRP’s liquidity in the short term.
Market Implications and Investor Sentiment
If approved, the GraniteShares 3x XRP ETF could drive significant short-term market activity, with panic buying being a possible consequence. Analysts suggest that investors may act quickly to secure positions, particularly if they anticipate strong inflows similar to those seen in the 2x ETFs.
However, experts also warn of risks. Leveraged ETFs magnify both gains and losses, and XRP remains a highly volatile asset. Investors must consider potential downside exposure, particularly given the current support testing at $2.85.
Despite these risks, growing ETF adoption signals a shift toward more structured and regulated investment vehicles in the cryptocurrency space. Retail and institutional investors alike are seeking safer access points to the market, and leveraged ETFs are increasingly viewed as viable options.
Looking Ahead
The next few weeks will be critical for XRP investors. Key factors to watch include:
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SEC approval decisions for the 3x ETF and other Ripple ETFs.
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Price behavior around the $2.85 support level.
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Retail sentiment, particularly as negative commentary could precede a rebound.
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ETF inflows, which will influence liquidity and volatility.
Should the ETF gain approval, it could trigger a wave of short-term buying activity, boosting XRP’s market profile and potentially setting the stage for further adoption of leveraged crypto products.
Conclusion
GraniteShares’ 3x XRP ETF filing marks an important development in the cryptocurrency investment landscape. With XRP facing short-term price pressure but strong demand for leveraged exposure, experts predict that this ETF could lead to panic buying and heightened market activity.
As institutional and retail interest grows, XRP is likely to remain a focal point for traders seeking both short-term opportunities and long-term exposure to the digital asset market. With multiple ETFs under review and growing investor confidence, the coming months could be pivotal for Ripple’s market trajectory.
