XRP (XRP) fell 2.83% in the last 24 hours.

Gate News Bot news, on November 3, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.45, with a fall of 2.83% in the last 24 hours, reaching a high of $2.69 and a low of $2.39. The 24-hour volume has reached $3.177 billion. The current market capitalization is approximately $147.304 billion, a decrease of about $4.295 billion compared to yesterday.

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 a reliable record of over 10 years of error-free operation, offering simplified development, low transaction costs, high performance, and sustainability. It boasts advantages such as public and decentralized, simplified development, high performance, low cost, an active community, and reliability. XRPL supports features such as decentralized exchanges, cross-currency payments, payment channels, multi-signature, and tokens, providing developers with a wide range of application scenarios.

Important recent news about XRP:

1️⃣ Bitwise plans to launch XRP spot ETF Asset management company Bitwise has officially joined the XRP spot ETF application sequence, with its product “Bitwise XRP Trust” planned to be listed on the NYSE Arca. Bitwise has set the management fee rate for the XRP spot ETF at 0.34%, a move that marks further integration of XRP into traditional financial markets and is expected to bring more institutional capital inflow to XRP.

2️⃣ Layer2 network Unichain expands support for XRP The Ethereum Layer 2 network Unichain launched by Uniswap Labs has announced that it will begin supporting non-EVM assets such as XRP. Through the Universal protocol, users can exchange the native version of XRP on Unichain at a 1:1 ratio. This initiative will enhance the cross-chain interoperability of XRP and open up new possibilities for its application in the DeFi ecosystem.

3️⃣ Evernorth Holdings continues large-scale accumulation of 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 build 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 $2.45, with a key support level near $2.39. On the fundamental side, the advancement of ETF products, the expansion of cross-chain ecosystems, and the continuous accumulation by institutional investors provide multiple positive factors for XRP. However, in the short term, XRP still faces certain downward pressure, and investors need to closely monitor the overall trends in the cryptocurrency market.

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