Gate News Bot Report, February 11 — According to CoinMarketCap data, XRP is currently trading at $1.42, down 1.89% in the past 24 hours. The price reached a high of $1.61 and a low of $1.13 during this period. Its current market capitalization is approximately $86.359 billion, ranking fourth among global cryptocurrencies.
The XRP Ledger is a blockchain built for business, jointly led and maintained by a global community of enterprises and developers, dedicated to solving problems and creating value. The network has demonstrated over ten years of error-free operation, characterized by high reliability, simple development, low transaction costs, high performance, and good sustainability. The XRP Ledger is an open-source, decentralized public chain that anyone can develop on, maintained by the community. It supports high-performance transaction settlement, with thousands of transactions completed within seconds, and the cost per transaction is only a fraction of a cent. Additionally, the XRP Ledger has built-in features such as a decentralized exchange, cross-currency payments, payment channels, multi-signature, and tokens, providing developers with a robust technical foundation.
Recent Important XRP News:
1️⃣ Ripple Institutional-Grade DeFi Strategy
Ripple has launched an institutional-grade DeFi blueprint for the XRP Ledger, positioning XRP at the core of ecosystem development. This strategic move indicates the project is accelerating the expansion of institutional applications, enhancing DeFi infrastructure to increase XRP’s value proposition and market recognition in commercial-grade applications.
2️⃣ Strong Rebound Supported
On February 6, XRP experienced an 18% surge, making it the top performer among mainstream assets and reflecting a market re-pricing of the asset. Although facing technical correction pressures, the strong upward momentum from earlier phases has laid an emotional foundation for future movements.
3️⃣ Spot ETF Demand Provides Buffer
Amid policy fluctuations, increased demand for spot ETF-related products has effectively alleviated XRP’s downward pressure. Institutional investor participation has expanded XRP’s capital capacity, providing new support for medium-term price discovery.
This message is not investment advice. Please be aware of market volatility risks when investing.
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