XRP (XRP) fell 5.83% in 24 hours

Gate News Bot news, September 26, according to CoinMarketCap data, as of the time of publication, XRP (XRP) is currently priced at $2.76, a fall of 5.83% in the last 24 hours, with a high of $3.09 and a low of $2.74. The 24-hour volume reached $9.223 billion. The current market capitalization is approximately $165.101 billion, a decrease of $10.229 billion compared to yesterday.

The XRP Ledger (XRPL) is a decentralized public blockchain led by a global community of enterprises and developers, designed to solve problems and create value. The XRPL has been validated for over a decade of error-free operation, offering simplified development, low transaction costs, high performance, and sustainability. Reasons developers choose the XRP Ledger include: public transparency and decentralization, simplified development processes, high performance, low costs, active community support, and proven reliability. The XRPL supports features such as decentralized exchanges, cross-asset payments, payment channels, and multi-signature.

Important news about XRP recently:

1️⃣ XRP spot ETF launched in the United States The REX-Osprey strategic cooperation project has launched the first batch of XRP spot ETFs listed in the United States, named "REX-Osprey™ XRP ETF (CBOE: XRPR)". This marks a significant breakthrough in the investment channels for XRP, providing institutional and retail investors with a more convenient way to invest in XRP, and is expected to attract more capital into the XRP market.

2️⃣ Flare Network launches XRP wrapped token FXRP Flare Network has launched the XRP-wrapped token FXRP, which supports decentralized finance (DeFi) applications. XRP holders can deposit collateral through Flare's "Independent Agent" network to mint FXRP, enabling the asset to be traded, lent, or used as liquidity provision on Flare-based platforms. This initiative is expected to expand the application scenarios of XRP in the DeFi space, enhancing the diversity and value of its ecosystem.

3️⃣ Midas and Axelar launch the XRP tokenized product mXRP The tokenization platform Midas has collaborated with the blockchain interoperability protocol Axelar's developer Interop Labs to launch the XRP tokenization product mXRP. The product sets a base yield of 6%-8%, paid in XRP. Users can deposit XRP as collateral into the tokenization structure to mint mXRP. These strategies may include market making and providing liquidity, managed by third-party asset management institutions. The launch of mXRP offers new income generation avenues for XRP holders, potentially increasing the utility and attractiveness of XRP.

From a technical perspective, XRP has recently been fluctuating near the key resistance level of $3.00. The current price of $2.76 has fallen below this resistance level, and investors need to pay attention to the support around $2.74 to prevent further pullbacks. If it can regain stability above $3.00, it may further challenge the recent high of $3.09.

This message is not intended as investment advice. Investors should be aware of market volatility risks.