XRP (XRP) 24-hour pump 8.43%

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.25, with a rise of 8.43% in the last 24 hours, reaching a high of $2.28 and a low of $1.83, with a 24-hour volume of $6.158 billion. The current market capitalization is approximately $135.389 billion, an increase of $10.531 billion compared to yesterday.

The XRP Ledger (XRPL) is a decentralized, public blockchain led by a community of global enterprises and developers, aimed at solving problems and creating value. With over 10 years of error-free operation, XRPL offers simplified development, low transaction costs, high performance, and sustainability. It allows developers to confidently build and advance the most critical projects.

Important news about XRP recently:

1️⃣ Franklin Templeton and Grayscale XRP ETF officially launched The Franklin Templeton and Grayscale XRP spot ETF products officially began trading on the NYSE Arca on November 24. The Franklin XRP Trust has the trading code XRPZ, with an annual fee rate of 0.19%, and plans to waive fees for the first $5 billion in assets until May 31, 2026. The trading code for the Grayscale XRP spot ETF is GXRP. The launch of these ETF products provides more channels for institutional investors to participate in the XRP market, which is expected to attract more capital inflow.

2️⃣ Ripple explores the introduction of staking features on the XRP ledger The RippleX engineering team is considering introducing a staking feature in the XRP Ledger ( XRPL ) to expand its applications in the decentralized finance ( DeFi ) space. Ripple's CTO David Schwartz proposed two possible implementation paths, including a dual-layer consensus model and funding zero-knowledge proof validation through transaction fees. This initiative could reshape the incentive mechanisms for validators and token holders, but it also faces challenges to the fundamental principles of XRPL.

3️⃣ Institutional investors' interest in XRP increases Barstool Sports founder Dave Portnoy recently purchased $1 million in XRP, along with $750,000 in Bitcoin and $400,000 in Ethereum. In addition, Amplify ETFs launched the first XRP-based options income ETF (XRPM), targeting a monthly yield of 3%. These trends indicate a positive attitude towards the XRP market from certain high-net-worth individual investors and institutions, providing new investment tools and potential capital support for XRP.

From a technical perspective, XRP is currently fluctuating around the price of $2.25, and may face a support level of $1.83 in the short term. On the fundamental side, the continuous innovation and listing of ETF products, Ripple's exploration of technological upgrades for XRPL, and the participation of institutional investors provide positive factors for XRP. However, market sentiment still shows some volatility, and investors need to closely monitor the overall market trends and regulatory developments that may impact XRP's price.

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