XRP (XRP) has risen 6.51% in the last 24 hours.

Gate News Bot news, on October 13, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.52, with a rise of 6.51% over the last 24 hours, reaching a high of $3.05 and a low of $1.53, with a 24-hour volume of $9.952 billion. The current market capitalization is approximately $151.226 billion, an increase of $9.238 billion compared to yesterday.

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. The XRPL has been validated through over 10 years of error-free operation, providing simplified development, low transaction costs, high performance, and sustainability. It offers advantages such as being public and decentralized, simplified development, high performance, low costs, an active community, and reliability. The XRPL supports features such as decentralized exchanges, cross-currency payments, payment channels, multi-signatures, and tokens, providing developers with a wide range of application scenarios.

Important news about XRP recently:

1️⃣ Global digital asset fund inflows have significantly increased Since the beginning of the year, the global inflow of digital asset funds has reached $48.67 billion, surpassing last year's total level. As one of the few altcoins that have benefited, XRP shows sustained attention and confidence from institutional investors. This trend may bring more market attention and potential inflow of funds to XRP.

2️⃣ GraniteShares submits XRP leveraged ETF application 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 inflows to XRP. However, the introduction of leveraged products may also increase market volatility.

3️⃣ XRP market capitalization ranking fluctuation XRP market capitalization once exceeded 178.2 billion USD, briefly ranking third in the global cryptocurrency market capitalization, but was subsequently surpassed by BNB. This fluctuation in ranking reflects the market's changing attitude towards XRP, while also highlighting the high competitiveness of the cryptocurrency market.

From a technical perspective, XRP is currently 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. However, considering recent price fluctuations, the difficulty of breaking through this resistance level in the short term may increase. Fundamentally, increased interest from institutional investors and potential ETF products provide long-term support for XRP, but the market still needs to closely monitor the overall trends in the cryptocurrency market and changes in the regulatory environment.

This message is not an investment advice, and investors should pay attention to market volatility risks.