GraniteShares 3x XRP ETF Could Trigger Massive Retail Buying, Expert Warns

• GraniteShares filed for a 3x XRP ETF, giving traders a chance to take larger long or short positions with triple exposure.
• Experts say the move could spark strong retail buying as XRP holds near key price levels amid rising market tension.

GraniteShares has applied to the U.S. Securities and Exchange Commission (SEC) to launch a 3x XRP ETF, a move that is attracting strong attention from traders.

The new product will let investors take bigger positions on XRP, either betting on its rise or fall, with three times the usual exposure. 

GraniteShares Responds to Growing Interest in XRP

Notably, GraniteShares’ filing comes after the strong performance of other leveraged XRP funds such as those from ProShares and Teucrium. As detailed in our previous post, both of these 2x ETFs have seen huge investor interest, showing that traders are eager for more ways to trade the digital asset. The company now wants to take things further with a 3x XRP ETF, offering higher rewards but also greater risks.

As discussed earlier, the SEC still has to decide on six different XRP-related ETF applications this month. Many traders are watching closely, as the outcome could shape how the market moves next. Despite this uncertainty, funds linked to XRP have already recorded impressive inflows.

The Teucrium 2x XRP ETF, launched in August 2025, has amassed over $440 million in assets. The newer REX-Osprey XRP ETF has pulled in over $87 million in just three weeks.

Bill Morgan reacted to the GraniteShares filing by saying he would continue to “panic buy” XRP because of the rising demand. His statement reflects how many XRP supporters feel that the interest in leveraged funds could push prices up again. 

For some traders, the 3x XRP ETF offers a chance to benefit from price swings, while others see it as a risky move in a market that can change quickly. In other news, as revealed in our recent publication, the U.S. Office of the Comptroller of the Currency (OCC) is reviewing Ripple’s application for a national bank charter.

XRP Price Tests Key Levels as Traders Wait

At the moment, XRP is trading close to an important support level around $2.85 after losing about 4.5% last week. 

Well-known trader Peter Brandt has warned that if XRP drops below $2.68, it could slide further to around $2.20. Buyers have managed to hold the price above those levels, but moving past $3.00 has been difficult.

Data from blockchain research firm Santiment shows that fear among retail traders is at its highest in months. Many have turned bearish, especially after recent market drops. However, the firm noted that markets often move opposite to public opinion, meaning the current negativity could actually signal a possible recovery.

It is worth noting that with increasing attention on the XRP ETF, investors are awaiting to see if this new product from GraniteShares will provide XRP with the necessary boost or add further pressure to a market already marked by mixed emotions. Still, CNF reported that VivoPower raised $19 million in equity to bolster its XRP treasury and diversify its digital assets strategy.