XRP (XRP) fell 2.46% in 24 hours.

Gate News Bot news, October 31, according to CoinMarketCap, as of the time of writing, XRP (XRP) is currently priced at $2.49, falling 2.46% over the past 24 hours, with a high of $2.69 and a low of $2.39. The 24-hour volume reached $5.473 billion. The current market capitalization is approximately $149.329 billion, a decrease of about $3.770 billion compared to yesterday.

The XRP Ledger (XRPL) is a decentralized public blockchain led by a global community of enterprises and developers dedicated to solving problems and creating value. With over ten years of error-free operation, XRPL offers simplified development, low transaction costs, high performance, and sustainability. Developers can confidently build on XRPL to advance the most critical projects. Key features of XRPL include public and decentralized nature, simplified development, high performance, low costs, an active community, and proven reliability.

Important news about XRP recently:

1️⃣ Canary submits an update application for the XRP spot ETF Canary submitted an S-1 update for its XRP spot ETF, removing the provisions that prevent automatic registration from taking effect. If Nasdaq approves its 8-A application, the ETF is expected to launch on November 13. This development indicates that the XRP ETF product is gradually approaching approval, which may bring more institutional funds into XRP.

2️⃣ Unichain expands support for XRP The Ethereum Layer 2 network Unichain, launched by Uniswap Labs, has announced that it will start supporting non-EVM assets such as XRP. Through the Universal protocol, users will be able to exchange the native version of XRP on Unichain at a 1:1 ratio. This move will enhance the cross-chain interoperability of XRP, opening up new possibilities for its use in the DeFi ecosystem.

3️⃣ Institutional investors continue to accumulate XRP Evernorth Holdings has accumulated nearly 389 million XRP, worth over $1 billion, becoming one of the major institutional investors in XRP. The company plans to go public through a SPAC merger to further expand its XRP reserves. Currently, Evernorth has invested $947 million to establish reserves, with an average purchase price of about $2.44. This large-scale accumulation reflects institutional investors' long-term confidence in XRP.

From a technical perspective, XRP is currently fluctuating around a price of $2.49, with key support at around $2.39. On the fundamental side, the advancement of ETF products, the expansion of cross-chain ecosystems, and the continued accumulation by institutional investors provide multiple favorable factors for XRP. However, investors still need to closely monitor the overall trends in the cryptocurrency market and potential regulatory changes.

This message does not constitute investment advice; investors should be aware of market volatility risks.