SEC records now list the ProShares XRP ETF and ProShares Ultra XRP ETF as registered fund series. The ProShares Ultra XRP ETF is already trading and aims to deliver twice XRP's daily performance using derivatives. XRP, meanwhile, slipped to $1.38, with traders focused on the $1.35 support zone.

ProShares has added more XRP-linked fund series to its U.S. investment product structure, according to recent SEC filings. The records list both the ProShares XRP ETF and the ProShares Ultra XRP ETF as separate fund series. The development arrives as U.S. XRP investment products continue to draw investor demand, and as XRP's price faces a key test following a decline from the $1.47 area.

ProShares Filing Adds to XRP ETF Market

A ProShares Trust Rule 24f-2 notice filed on August 27 lists the ProShares XRP ETF under series S000091571. The same filing lists the ProShares Ultra XRP ETF under series S000091573, with the latter trading under the ticker UXRP.

Rule 24f-2 notices are routine regulatory filings used by investment companies to register additional shares of their funds, and they record products within an existing trust structure rather than launching them. Accordingly, the filing does not constitute a new SEC approval for a spot XRP ETF. Rather, it formally records the XRP-linked products within the ProShares Trust structure. The registration gives the unlevered XRP fund an official place in the company's existing fund lineup, although market trackers still classify the product as pending rather than live.

The Ultra XRP ETF, by contrast, is already trading in the U.S. market. ProShares launched UXRP in July 2025, and the fund targets twice XRP's daily performance through derivatives, using instruments such as futures and swaps to gain XRP exposure. ProShares is an established issuer in the leveraged and thematic ETF space, having pioneered leveraged single-stock and commodity-linked funds, and the XRP products extend that playbook to crypto assets.

UXRP also carries the risks tied to daily leverage. Because its exposure resets each trading day, the fund's longer-term return can diverge from twice XRP's overall price performance. Recent figures put its assets near the $50 million level, indicating that leveraged XRP exposure remains a relatively small segment of the broader market.

XRP Exposure Expands Across Fund Products

The filing comes as XRP exposure has spread across multiple categories of U.S. investment products. Investors can now access the token through spot ETFs, futures-based products, leveraged funds, and strategies that combine XRP with traditional equities. Spot XRP ETFs began trading in the U.S. in mid-2025, following the same regulatory pathway that opened the market to spot Bitcoin ETFs in January 2024.

A separate filing for the Morningstar Funds Trust also lists the Cyber Hornet S&P 500 & XRP 75/25 Strategy ETF. The fund holds XRP alongside major U.S. companies, including Nvidia, Apple, Microsoft, and Amazon, offering another structure for investors seeking exposure to the token.

U.S. spot XRP ETFs have also recorded strong demand. Recent figures show cumulative net inflows of roughly $1.55 billion, with one recent week alone bringing in approximately $39.78 million.

The expanding range of XRP funds gives investors varied methods of accessing the asset without directly purchasing and storing the token. The ProShares filing therefore adds another registered XRP product to an already growing U.S. fund market. As the lineup widens, tracking the pace of inflows into spot XRP ETFs and the status of the pending unlevered ProShares fund offers a gauge of whether institutional and retail demand is keeping pace with the expanding supply of XRP-linked products.

XRP Price Outlook: Can $1.35 Support Hold?

XRP traded near $1.38 on August 29 after falling about 5% from a weekly high around $1.47. The decline followed hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium, which added pressure across risk assets. Fed commentary has repeatedly influenced crypto prices in recent years, as digital assets tend to trade in line with broader risk appetite and expectations for interest-rate policy.

The $1.35 range has emerged as a key support area for XRP. An analyst noted that XRP has lost support from a rising channel, leaving $1.36 as the next key downside target. The token could revisit that area if the price fails to move back inside the pattern.

If buyers keep XRP above $1.35, the recent recovery could remain intact, and a move above $1.45 would place $1.60 back into focus. On the other hand, a break below $1.35 could open a path toward the $1.16 area.

Despite the recent pullback, XRP remains higher on the month. The token has gained about 28% over the past month, with continued ETF inflows providing a source of demand amid broader market weakness.