XRP (XRP) rose 3.64% in the last 24 hours.

Gate News Bot message, September 25, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.94, having risen 3.64% in the last 24 hours, with a maximum of $3.14 and a minimum drop to $2.78, and a 24-hour volume of $6.276 billion. The current market capitalization is approximately $175.58 billion, an increase of $6.17 billion from yesterday. Currently, XRP ranks 3rd in the market capitalization of Crypto Assets.

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. With over a decade of reliable operation without errors, the XRPL offers simplified development, low transaction costs, high performance, and sustainability. The main advantages of the XRPL include openness and transparency, decentralization, ease of development, high performance, low costs, and community-driven initiatives. It supports features such as decentralized exchanges, cross-coin payments, payment channels, and multi-signature, providing possibilities for various blockchain use cases.

Important news about XRP recently:

1️⃣ The first US XRP spot ETF launched The REX-Osprey strategic cooperation project has launched the first XRP spot ETF listed in the United States, named "REX-Osprey™ XRP ETF (CBOE: XRPR)". This marks a significant breakthrough in XRP investment channels, providing institutional and retail investors with a more convenient way to invest in XRP, and is expected to attract more funds 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, allowing the asset to be traded, lent, or provided as liquidity on platforms based on Flare. This initiative is expected to expand the use cases of XRP in the DeFi space, enhancing the diversity and value of its ecosystem.

3️⃣ Midas and Axelar launch XRP tokenized product mXRP The tokenization platform Midas has partnered with the blockchain interoperability protocol Axelar's developer Interop Labs to launch the XRP tokenization product mXRP. This product sets a base yield rate of 6%-8%, paid in the form of 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 firms. The launch of mXRP provides XRP holders with a new channel for earning yields, which is expected to increase the utility and attractiveness of XRP.

From a technical perspective, XRP has been fluctuating near the key resistance level of $3.00 recently. The current price of $2.94 is slightly below this resistance level. If it can regain a position above $3.00, it may further challenge the recent high of $3.14. However, investors should still pay attention to the support around $2.78 to prevent further pullbacks.

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