XRP (XRP) 24-hour pump 2.01%

Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.20, with a rise of 2.01% in the last 24 hours, reaching a high of $2.52 and a low of $2.12. The 24-hour volume has reached $5.761 billion. The current market capitalization is approximately $132.511 billion, an increase of $2.617 billion compared to yesterday.

The XRP Ledger (XRPL) is a decentralized public blockchain, led by a global community of businesses and developers, dedicated to solving problems and creating value. The XRPL has been running stably for over 10 years, offering simplified development, low transaction costs, high performance, and sustainability. Developers can leverage the XRPL to build various blockchain applications, including decentralized exchanges, cross-border payments, payment channels, multi-signature features, and more.

Important news about XRP recently:

1️⃣ Amplify Launches XRP-Backed Call Option ETF Amplify ETFs has launched the Amplify XRP 3% Monthly Premium Yield ETF (XRPM), which is the first options yield ETF based on XRP. This product aims to achieve a 3% monthly yield target through a covered call option strategy while retaining some of XRP's upside potential. This innovative product provides investors with new XRP-related investment tools and is expected to attract more institutional funds into the XRP market.

2️⃣ The first spot XRP ETF in the United States officially listed for trading The Canary XRP ETF officially listed on Nasdaq on November 13, becoming the first XRP single-token spot ETF in the United States. This product supports cash and physical redemption, with a management fee rate of 0.50%. On the day after its listing, the Canary XRP ETF saw a net inflow of $243 million through cash or physical subscription, bringing the total net asset value to $248 million. This marks the diversification of XRP investment tools, providing new channels for institutional investors to participate in the XRP market.

3️⃣ Ripple Accelerates the Integration of Blockchain and Traditional Finance Ripple Labs has invested nearly $4 billion this year to acquire financial service companies such as Hidden Road and GTreasury, and has launched over-the-counter spot market trading services aimed at U.S. institutions. The company's market capitalization has reached $40 billion, and it is committed to providing a diverse range of traditional financial services through blockchain infrastructure to meet the growing demand from institutions for digital assets. This strategic layout is expected to further enhance the application value and influence of XRP in the traditional financial sector.

From a technical perspective, XRP is currently fluctuating around the price of $2.20, with a potential support level at $2.12 in the short term. On the fundamental side, the continuous innovation and listing of ETF products, along with Ripple's strategic layout, provide positive factors for XRP; however, attention still needs to be paid to the impact of overall market trends and regulatory developments on its price in the short term.

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