XRP (XRP) rose 1.10% in 24 hours

Gate News Bot news, on October 27, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.65, with a rise of 1.10% in the last 24 hours, reaching a high of $2.66 and a low of $2.34. The 24-hour volume has reached $3.846 billion. The current market capitalization is approximately $159.239 billion, an increase of $1.73 billion compared to yesterday. XRP is currently ranked 4th in global Crypto Assets market capitalization.

The XRP Ledger (XRPL) is a decentralized public blockchain led by a global community of enterprises and developers, aimed at solving problems and creating value. XRPL has proven its reliability with over 10 years of error-free operation, offering simplified development, low transaction costs, high performance, and sustainability. It has advantages such as being open and transparent, decentralized, easy to develop, high-performance, low-cost, and an active community. XRPL supports features such as decentralized exchanges, cross-coin payments, payment channels, and multi-signature, providing developers with a rich array of application scenarios.

Important recent news about XRP:

1️⃣ XRP ETF assets exceed 100 million USD The first XRP exchange-traded fund under REX Shares, the REX-Osprey™ XRP ETF (XRPR), has surpassed $100 million in assets under management just one month after its launch, reaching $100,891,000.00, setting a new historical record. This indicates a significant increase in institutional investor interest in XRP, bringing more liquidity and market recognition to XRP.

2️⃣ CME Group XRP futures volume surges According to data disclosed by the Chicago Mercantile Exchange, since the launch of XRP and micro XRP futures in May, more than 567,000 futures contracts have been traded, with a notional trading volume reaching $26.9 billion. This data reflects the rapid rise of XRP in the derivatives market, further enhancing its position in the traditional finance sector.

3️⃣ XRP continues to maintain market heat In the latest Crypto Assets popularity rankings, XRP has ranked in the top three for several consecutive days, demonstrating investors' continued attention to XRP. This sustained high level of attention may bring more trading activity and potential price support for XRP.

From a technical perspective, XRP is currently fluctuating around a price of $2.65. If it can break through the resistance level at $2.66, it may open up further pump potential. On the fundamental side, the successful launch of the XRP ETF and the surge in futures volume provide strong development momentum for XRP. However, investors still need to closely monitor the overall Crypto Assets market trends and potential regulatory changes.

This message is not an investment advice, please be aware of market volatility risks when investing.