XRP (XRP) fell 1.59% in the last 24 hours

Gate News Bot news, on October 10, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.81, having fallen by 1.59% in the last 24 hours, with a maximum of $3.09 and a minimum of $2.78. The 24-hour volume reached $5.448 billion. The current market capitalization is approximately $168.535 billion, a decrease of about $2.727 billion compared to yesterday.

Important news about XRP recently:

1️⃣ The inflow of global digital asset funds has significantly increased.

Since the beginning of the year, the global digital asset fund inflow has reached 48.67 billion USD, surpassing last year's total level. Among them, XRP, as one of the few altcoins that benefited, shows the continued attention and confidence of institutional investors.

GraniteShares submitted an application for an XRP leveraged ETF

GraniteShares has submitted a filing for a 3x leveraged cryptocurrency ETF that includes XRP to regulators. This move reflects an increasing interest from institutional investors in XRP, which could bring more market attention and potential capital inflow to XRP.

3️⃣ XRP is facing a key technical resistance level.

XRP is currently facing an important resistance level at $3.15. If it can successfully break through, it may trigger further increases, with a potential target price around $3.60. This technical pattern provides an important reference point for short-term traders.

From a technical perspective, XRP is currently near a key resistance level, with a breakout above $3.15 potentially triggering a new round of upward movement. At the same time, on the fundamental side, increasing interest from institutional investors and potential ETF products provide XRP with potential upward momentum. However, the market still needs to closely monitor the overall trends in the cryptocurrency market and changes in the regulatory environment.

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