XRP Institutional Tsunami: Vanguard Flips, Cboe Certifies Leverage

Vanguard reversed its long-standing crypto ban, allowing over 50 million brokerage customers access to XRP ETFs starting Tuesday. The $11 trillion asset manager now permits trading in digital asset funds from Bitwise, ProShares, Canary, Franklin, CoinShares, and REX-Osprey.

The move marks a dramatic shift for the firm that famously blocked Bitcoin ETF access in January 2024. According to @XrpUdate on X, Vanguard has added the entire XRP ETF lineup to its platform, signaling that mainstream money floodgates are now open.

Andrew Kadjeski, head of brokerage and investments at Vanguard, stated that cryptocurrency ETFs have been tested through market volatility periods while maintaining liquidity. The administrative processes to service these funds have matured as investor preferences continue evolving.

The policy change follows the July 2024 appointment of Salim Ramji as Vanguard CEO. Ramji previously served as head of iShares and index investments at BlackRock, where he oversaw the filing and logistics for the iShares Bitcoin Trust. His arrival marked the first external CEO hire in Vanguard's history.

Cboe Drops the Hammer: 2x Leveraged XRP Gets Green Light

Cboe officially certified the T-REX 2x Long XRP ETF filing under the Exchange Act of 1934. As @RipBullWinkle tweeted on X, this certification mirrors how Bitcoin's institutional run began, with early positioning from major players ahead of broader market adoption.

The T-REX 2x Long XRP Daily Target ETF joins over 30 leveraged products in the REX Shares lineup. The fund aims to deliver 200% of XRP's daily performance through swaps and derivatives.

Multiple XRP ETF products have launched in recent weeks. The Teucrium 2x Long Daily XRP ETF attracted $306 million in assets, while ProShares dominates the futures ETF space. REX-Osprey marked the first approved spot XRP ETF, combining spot exposure with derivatives to secure early regulatory clearance.

Institutional demand for regulated XRP exposure continues expanding. Financial advisors, retirement accounts, and institutional allocators require compliant investment channels, driving ETF adoption across the digital asset sector.

$2.00 Battleground: Bulls Defend While Divergence Builds Strength

XRP broke below the $2.00 psychological level amid heavy sell volume before staging a partial recovery. Volume surged to 149.1 million, more than double the daily average, confirming institutional sell participation.

The $2.05 to $2.07 region acted as a firm ceiling, rejecting every rebound attempt throughout Monday's session. Price compressed around $2.02, with repeated bounces from just above $2.00 signaling that strong demand remains at current levels.

According to @ChartNerdTA on X, XRP is building a strong bullish divergence on the daily timeframe. The signal has grown stronger during the slow grind down for over 55 days since the liquidation event. The pattern would be invalidated by creating lower lows in the RSI.

Momentum indicators show a neutral-to-bearish tilt with declining rally strength into overhead resistance. The lack of follow-through selling beneath $1.99 suggests bears may be losing momentum. A reclaim of $2.05 would trigger bullish continuation, while a loss of $2.00 could reopen downside toward $1.95 and $1.90.

The steepest drop occurred at 15:00 UTC when volume spiked 103% above average, driving the token from $2.04 down to $1.99. Buyers stepped in quickly, producing a bounce back toward $2.02. Hourly data shows compression with declining volatility, suggesting a larger move is building.

Spot XRP ETFs continue attracting inflows despite near-term price action remaining dominated by technical signals. Whale activity shows mixed behavior with minor net distribution over the past 48 hours. Derivatives markets report declining open interest, indicating reduced leverage exposure during the pullback.

Elevated sell volume confirms institutional involvement in the recent price action. Recovery attempts must match this volume to sustain upward momentum. Consolidation at $2.02 implies a larger breakout is approaching, with directional confirmation expected within 24 to 48 hours.

Downside targets sit at $1.95 if $2.00 breaks cleanly. Upside opens to $2.12 and $2.15 on a clean reclaim of overhead resistance. The $2.00 level remains the key battleground, with repeated defenses showing demand persists even as selling pressure intensifies.

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