XRP (XRP) rose 0.39% in 24 hours.

Gate News Bot news, on October 9, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.87, having risen 0.39% in the last 24 hours, with a high of $3.10 and a low of $2.84, and a 24-hour volume of $4.63 billion. The current market capitalization is approximately $172.125 billion, an increase of $671 million compared to yesterday.

The XRP Ledger (XRPL) is a decentralized public blockchain led by a global community of businesses and developers, aimed at solving problems and creating value. With over a decade of error-free operation, the XRPL offers simplified development, low transaction costs, high performance, and sustainability. Key features of the XRPL include a decentralized exchange, cross-currency payments, payment channels, multi-signature, and token functionality. It provides developers with comprehensive documentation, tutorials, and multi-language support to help them build innovative projects on the XRPL.

Recent important news about XRP:

1️⃣ GraniteShares submitted an XRP leveraged ETF application

GraniteShares recently submitted a batch of applications for 3x leveraged cryptocurrency ETFs to regulators, including XRP. This move indicates that institutional investor interest in XRP is rising, which could bring more market attention and potential capital inflow for XRP.

2️⃣ XRP market capitalization currently ranks third among cryptocurrencies.

XRP's market capitalization once exceeded 178.2 billion USD, temporarily ranking it third in the global cryptocurrency market capitalization chart. This reflects the market's increased confidence in XRP and highlights its important position in the cryptocurrency ecosystem.

Technical analysis shows XRP may break through key resistance levels.

Technical analysis indicates that XRP is facing an important resistance level at $3.15. If it can successfully break through, it may trigger further rise, with a potential target price around $3.60. This provides significant technical reference for short-term traders.

4️⃣ Large-scale whale buying activity

Recently, a large-scale whale buying activity has been observed, with approximately 250 million XRP purchased within 48 hours. This significant buying behavior may indicate that institutions or large investors are optimistic about XRP, which could help support its price performance.

From a technical perspective, XRP is currently near a key resistance level, and breaking through $3.15 could trigger a new round of pump. At the same time, on the fundamental side, the increasing interest from institutional investors and large-scale buying behavior provide potential rise momentum for XRP. 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, and investors should be aware of market volatility risks.