XRP ETF Sees $878K Outflow as Traders Reassess Leveraged Exposure

The Teucrium 2x Long Daily XRP ETF (XXRP) has experienced significant outflows, totaling $878,632 on July 28. This move underscores a growing caution among traders regarding leveraged crypto exposure.

The outflow represents approximately 1% of the fund's assets under management (AUM), which currently stand at $87,010,073. This one-day adjustment is notable for a niche product such as XXRP.

XRP-USD has been trading at $1.0706 after experiencing a nearly 22% decline over the past three months. The short-term technical signal remains bearish, with a 'Strong Sell' indication suggesting traders anticipate further downside or increased volatility in the near term.