XRP 24-hour decline of 6.47%, currently trading at $1.87

Gate News Bot Message, December 16th, according to CoinMarketCap market data, as of press time, XRP (XRP) is currently priced at $1.87, down 6.47% in the past 24 hours, with a high of $2.17 and a low of $1.86. The current market capitalization is approximately $113.222 billion, down $7.832 billion from yesterday.

XRP Ledger is a fully decentralized public blockchain maintained by a global community of businesses and developers. The blockchain has demonstrated complete stability and security over more than 10 years of operation, handling over 63 million ledgers with zero errors recorded. XRP Ledger offers a smooth development experience, extremely low transaction costs, high performance, and sustainability, supporting developers to confidently build projects. The platform has built-in powerful features such as a high-performance decentralized exchange, cross-currency payments, payment channels, multi-signature, and supports the on-chain circulation of all non-XRP assets in token form.

Recent Important News on XRP:

1️⃣ Spot ETF Capital Inflows Continue Strong Against the Trend, Institutional Confidence Remains High
Since the launch of the XRP spot ETF in November, cumulative capital inflows have exceeded $1 billion, making it the fastest crypto asset to reach this milestone after Ethereum spot ETF, taking less than four weeks. Notably, the ETF has maintained a net inflow for four consecutive weeks, with a recent single-day net inflow reaching $38.04 million, setting a new record since launch. In comparison, Bitcoin ETFs experienced approximately $2.5 billion in redemptions during the same period. XRP’s counter-trend capital attraction is especially prominent. This sustained institutional capital inflow reflects investors’ strong recognition of XRP’s long-term value. Despite current price pressures and pullbacks, the ETF’s capital flow performance indicates market expectations for a rebound.

2️⃣ Cross-Chain Ecosystem Expansion Accelerates, Multi-Chain DeFi Applications Achieve Breakthroughs
Wrapped XRP (wXRP) officially launched on the Solana network, developed in cooperation with Hex Trust and LayerZero, supported by a 1:1 ratio backed by native XRP. At launch, over $100 million in liquidity was locked, enabling DeFi functionalities such as swaps and liquidity provision across Solana, Ethereum, Optimism, and other main chains. The launch of wXRP allows XRP users to participate in cross-chain DeFi activities, forming a synergy with Ripple’s stablecoin RLUSD. This cross-chain progress marks XRP’s strategic transition from single-chain to multi-chain, laying the foundation for expanded application scope.

3️⃣ Institutional Derivatives Market Layout Improved, Futures Tools Expanded
CME Group launched XRP futures contracts based on spot prices, complementing existing Bitcoin and Ethereum futures. These futures allow investors to trade futures positions under spot market terms and support cross-market trading with major US stock index futures. The introduction of CME futures tools provides institutional investors with more convenient hedging and trading channels, reducing transaction costs, and further enhancing XRP’s institutional trading infrastructure.

4️⃣ ETF Product Competition Intensifies, Management Fees Continue to Drop
The number of US spot XRP ETF products has increased to five, issued by firms including Canary, Grayscale, Bitwise, Franklin Templeton, and 21Shares. 21Shares has reduced the management fee of its TOXR ETF from 0.50% to 0.30%, while Franklin Templeton’s XRPZ fee is as low as 0.19%. Fierce market competition is driving institutions to lower fees continuously, which is expected to lower participation costs for investors and further attract institutional capital.

5️⃣ Network Infrastructure Optimization Significantly Improved, Transaction Costs at Historic Lows
The total daily fees on XRP Ledger have dropped from 5,900 XRP/day since early February to approximately 650 XRP/day, an 89% decrease, the lowest level since December 2020. This reflects further optimization of network transaction costs and enhances XRP’s competitiveness in payment applications. Former Ripple CTO David Schwartz has re-engaged in XRPL infrastructure development by establishing monitoring centers to optimize on-chain latency and improve validator node performance. The newly introduced MPT tokenization standard on XRP Ledger provides greater support for on-chain real-world assets. These ongoing infrastructure upgrades strengthen the ecological competitive advantage.

From a technical perspective, XRP is currently repeatedly testing around $2.00, with significant resistance still present in the $2.10–$2.15 range. The market shows a “continuous net inflow of institutional funds amid price pressures,” a special structure where capital flow and price action are temporarily divergent. Data from the supply side indicates that holdings of XRP on exchanges are decreasing, and the supply structure is tightening. Short-term market volatility is limited, but this compression state is accumulating energy for the next wave of movement. If XRP can effectively break through the resistance above, combined with the ETF capital inflow, cross-chain ecosystem expansion, and infrastructure improvements, it could trigger a larger-scale rally.

This message is not investment advice; please be aware of market volatility risks.