XRP (Ripple) Overview
Current Price: ¥15.9754 ($2.2299, ฿0.0000204)
24H Change: -2.25% (¥-0.359448)
Market Cap: ¥942.64B (3.97% of global crypto market)
Circulating Supply: 59.01B XRP (59.01% of max supply)
24H Trading Volume: ¥16.7B (1.77% turnover rate)
Key Metrics
- Rank: #4 by market cap
- 24H Range: ¥15.95–¥16.55
- All-Time High: ¥27.52
- All-Time Low: ¥0.020074
- ROI: +378.62x since launch
Recent XRP Developments
1. Ripple’s U.S. Bank License Application
- Ripple filed for a national bank charter, signaling expansion into traditional finance. Analysts note bullish sentiment for XRP if approved.
2. XRP Price Predictions
- Experts suggest XRP could reach $44.13 if it matches USDT’s daily trading volume (¥2.92T).
- Tokenization of global economies may propel XRP to double-digit prices.
3. Regulatory and Legal Updates
- Ripple CEO clarified Linqto’s 4.7M share holdings, dismissing direct sale rumors.
- U.S. Senate invited Ripple’s CEO to testify on crypto market structure, highlighting regulatory uncertainties.
4. ETF and Institutional Interest
- Grayscale expressed surprise at SEC’s pause on Solana/XRP ETF trading.
- SOL staking ETF’s $33M debut outpaced XRP futures ETFs.
Market Analysis
Bullish Signals
- 56% surge in XRP daily trading volume; targets $3 price.
- Partnerships (e.g., Wormhole integration) boosted XRP transactions by 12%.
Bearish Factors
- SEC scrutiny and inconsistent policies weigh on investor confidence.
FAQs
Q1: Why is XRP’s price volatile?
A: Regulatory news and Ripple’s bank license progress heavily influence short-term swings.
Q2: What’s XRP’s utility in tokenized economies?
A: Its fast settlements make it ideal for cross-border value transfers.
Q3: How does SEC’s stance impact XRP?
A: Prolonged uncertainty may delay institutional adoption, but court wins could trigger rallies.