XRP 24-hour News Highlights: A Surge Amidst Volatility
On December 2, amidst the ever-changing cryptocurrency market, XRP has once again taken center stage. Despite a price drop of approximately 7.88% in the past 24 hours, sliding from $2.20 to $2.02, trading volume surged to $4.66 billion, indicating a tug-of-war between profit-taking and repositioning among investors.
This decline is attributed to a broader market correction, with Bitcoin and Ethereum also under pressure, but XRP's open interest has dropped to 700 million, while exchange reserves have sharply decreased by 18 million, suggesting that institutions are quietly accumulating.
More exciting news comes from the regulatory and adoption front: The Monetary Authority of Singapore (MAS) has approved Ripple's expansion payment license, allowing it to handle full-chain digital payments of XRP and RLUSD at its Asia-Pacific headquarters.
This is not just a compliance green light; it marks a structural leap for XRP in bridging global trade, combined with the tokenized fund issuance from DBS Bank and Franklin Templeton, signaling an influx of trillion-dollar liquidity. Additionally, the XRP spot ETF (TOXR) from 21Shares has officially launched, with a net inflow of $644 million in November, followed closely by giants like Grayscale.
Furthermore, the XRP network has seen 40,000 mysterious transactions, suspected to be institutions paving the way for zero-knowledge proof (ZK) privacy models.
In the short term, XRP may test the support at $1.90, but the advancement of the CLARITY Act draft and the ETF craze are solidifying the foundation for a long-term bull market. The stability of the XRP Ledger and its potential for low-cost cross-border settlement are stepping into the spotlight — this is not just a price game, but a prelude to financial reshaping. Investors need to be wary of volatility, but opportunities are present; 2025 may witness XRP return to its peak.
