XRP (XRP) 24-hour pump 3.34%

Gate News Bot news, on October 21, according to CoinMarketCap, as of the time of writing, XRP (XRP) is currently priced at $2.46, rising 3.34% in the last 24 hours, with a high of $2.54 and a low of $2.20. The 24-hour volume reached $4.597 billion. The current market capitalization is approximately $147.474 billion, an increase of $4.761 billion compared to yesterday. XRP currently ranks 5th in market capitalization.

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 a decade of reliable and error-free operation, XRPL offers simplified development, low transaction costs, high performance, and sustainability. As a result, developers can confidently build projects and advance the most critical initiatives. The advantages of XRPL include transparency and decentralization, simplified development, high performance, low costs, an active community, and proven reliability.

Important news about XRP recently:

1️⃣ Ripple Labs leads $1 billion XRP accumulation plan Ripple Labs is leading a significant financing plan, aiming to raise at least $1 billion through a special purpose acquisition company to accumulate XRP. These funds will be placed in a new digital asset vault, and Ripple will also contribute a portion of its own XRP tokens. This move could significantly affect the supply and demand relationship of XRP, potentially driving its price rise.

2️⃣ CME launches XRP options trading The Chicago Mercantile Exchange (CME) officially launched XRP options trading, marking further integration of XRP into traditional financial markets. This move is expected to attract more institutional investors to participate in XRP trading, enhancing its market liquidity and price discovery efficiency. As a leading global derivatives exchange, CME's introduction of XRP options holds significant importance for the market recognition of XRP.

3️⃣ XRP market performance is strong The price of XRP has pumped by 3.34% in the past 24 hours, reaching a high of $2.54. This positive market performance reflects investors' ongoing confidence in XRP, likely related to its positive developments in legal and technical aspects. The current market capitalization of XRP is approximately $147.474 billion, an increase of $4.761 billion from yesterday, demonstrating strong growth momentum.

From a technical perspective, XRP is currently fluctuating around a price of $2.46. If it can consistently hold above the $2.5 mark, it may open up space for further rise. On the fundamental side, Ripple Labs' large-scale XRP accumulation plan and the introduction of CME options trading provide long-term development momentum for XRP. However, investors still need to closely monitor the overall cryptocurrency market trends and potential regulatory changes, as well as possible price volatility in the short term.

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