XRP (XRP) fell 0.67% in the last 24 hours.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.22, down 0.67% in the last 24 hours, with a high of $2.58 and a low of $2.16. The 24-hour volume reached $4.195 billion. The current market capitalization is approximately $133.4 billion, a decrease of about $899 million compared to yesterday.

Important news about XRP recently:

1️⃣ The first spot XRP ETF in the United States officially begins trading The Canary XRP ETF officially launched on Nasdaq on November 13, becoming the first spot ETF in the U.S. for the single token XRP. This product supports cash and physical redemption, with a management fee rate of 0.50%. On the second day of listing, the Canary XRP ETF saw a net inflow of $243 million through cash or physical subscription, bringing the total net asset value to $248 million, with an XRP net asset ratio (the market capitalization of XRP relative to the total market capitalization of XRP) reaching 0.18%. This marks the diversification of XRP investment tools and is expected to attract more institutional investors.

2️⃣ Ripple Accelerates the Integration of Blockchain and Traditional Finance Ripple Labs has spent nearly $4 billion this year to acquire financial service companies such as Hidden Road and GTreasury, and has launched over-the-counter spot market trading services for US institutions. The company's market capitalization has reached $40 billion, aiming to provide diversified traditional financial services through blockchain infrastructure to meet the growing demand of institutions for digital assets. Ripple plans to collaborate with large institutions to promote XRP Ledger technology and further enhance the application value of the XRP ecosystem.

3️⃣ XRP ecosystem continues to expand The yield-bearing tokenized XRP product mXRP has successfully expanded to the BNB Chain through integration with the lending protocol Lista DAO. This move allows mXRP to be used as collateral in the Lista lending market, enabling holders to earn both base yields and additional DeFi returns, thereby expanding the application scenarios and ecosystem of XRP. This expansion breaks through the existing application range of mXRP on the XRP ledger and the Ethereum Virtual Machine (EVM) sidechain of the XRP ledger.

From a technical perspective, the current price of XRP is oscillating around $2.22, with a potential support level at $2.16 in the short term. On the fundamental side, the listing of ETF products, Ripple's strategic layout, and the expansion of the ecosystem provide positive factors for XRP. However, in the short term, it is still necessary to pay attention to the impact of the overall market trend and regulatory developments on its price.

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