XRP (XRP) up 1.36% in 24 hours

Gate News Bot message, December 08: According to CoinMarketCap data, as of press time, XRP (XRP) is currently trading at $2.07, up 1.36% in 24 hours, reaching a high of $2.22 and a low of $1.99, with a 24-hour trading volume of $3.036 billion. The current market cap is approximately $124.616 billion, an increase of $1.677 billion from yesterday.

XRP Ledger (XRPL) is a decentralized public blockchain led by a global community of enterprises and developers, aiming to solve problems and create value. XRPL has proven reliable with over 10 years of error-free operation, offering simplified development, low transaction costs, high performance, and sustainability. Developers can confidently build on XRPL, advancing the most critical projects.

Recent important news about XRP:

1️⃣ Ripple’s Large-Scale Strategic Acquisitions Advance Ecosystem Development Ripple announced four major acquisition plans, including GTreasury ($1 billion), Rail ($200 million), Palisade, and Ripple Prime, with a total investment of about $4 billion. These acquisitions aim to integrate enterprise financial intelligence, stablecoin payments, high-speed custody, and institutional-grade liquidity, providing end-to-end payment and digital asset solutions for enterprises. This series of strategic moves will significantly expand Ripple’s payment and digital asset ecosystem.

2️⃣ Regulatory Approvals Strengthen Ripple’s Global Compliance Status Ripple has obtained important regulatory approvals in Singapore and the UAE. The Monetary Authority of Singapore granted it an expanded Major Payment Institution license, allowing it to conduct a broader range of regulated payment activities. The UAE’s FSRA approved Ripple’s fiat-backed stablecoin RLUSD for institutional use, including as collateral, for lending, and prime brokerage services. These regulatory recognitions further solidify Ripple’s market credibility and compliance.

3️⃣ XRP Spot ETFs Continue to Attract Capital Inflows Since its launch, the US XRP spot ETF has continued to attract capital inflows. To date, total assets under management of XRP ETFs have exceeded $775 million, with Canary Capital’s XRPC ETF leading with nearly $347 million in assets under management. This indicates strong institutional demand for regulated XRP investment tools, bringing new growth momentum to the XRP market.

From a technical perspective, XRP’s current price is fluctuating around $2.07 and may face some short-term volatility. Fundamentally, Ripple’s strategic acquisitions, regulatory approvals, and ETF inflows provide positive support for XRP, but market sentiment remains uncertain. Investors should closely monitor overall market trends and institutional capital flows for their potential impact on the XRP price.

This message does not constitute investment advice. Please be aware of the risks of market volatility when investing.