XRP (XRP) down 4.86% in the last 24 hours

Gate News Bot Message, January 07, according to CoinMarketCap data, as of press time, XRP (XRP) is trading at $2.26, down 4.86% in the past 24 hours, with a high of $2.41 and a low of $1.81. The 24-hour trading volume reached $6.533 billion. The current market capitalization is approximately $137.194 billion, a decrease of $7.015 billion from yesterday.

XRP Ledger is a blockchain born for business, jointly led by the global business and developer community. The chain has been verified to operate error-free for over ten years, with a reliable record of more than 63 million ledgers. XRP Ledger offers simplified development processes, low transaction costs, high performance, and sustainability, enabling developers to confidently build and advance the most critical projects.

Key features of XRP Ledger include: open-source and fully decentralized, maintained by the community; transaction costs only a few cents, a tiny fraction of traditional fees; capable of settling thousands of transactions within seconds; built-in high-performance decentralized exchange, cross-currency payments, payment channels, multi-signature, and token functions. Additionally, the platform is developing smart contract functionality (Hooks) and has enabled an automated market maker mechanism, creating passive income opportunities for liquidity providers.

Recent Key Market Drivers for XRP

1️⃣ Continuous accumulation capacity of spot ETFs, institutional allocation demand remains steady

Since the launch of the US spot XRP ETF in November, it has accumulated net inflows of over $1.25 billion, with assets under management surpassing $1.62 billion. Franklin Templeton’s XRPZ fund holds over 100 million XRP, with daily net inflows often reaching tens of millions of dollars. Notably, even though XRP prices have recently faced downward pressure, ETF fund inflows remain continuously positive, with a single-day net inflow of $19.12 million on January 6, including $7.35 million from XRPZ and $6.49 million from Canary XRP ETF. While Bitcoin and Ethereum ETFs have experienced temporary outflows, the contrarian inflow trend of XRP ETFs is particularly prominent, fully indicating that institutional investors have incorporated XRP into their medium- and long-term portfolios, viewing it as a structural opportunity rather than a short-term speculative asset.

2️⃣ Technical and on-chain structure show bottoming features, key support zones gradually solidify

Amid significantly increased trading volume, XRP exhibited a clear “surrender-type selling” characteristic around $2.21, with daily volume reaching 256.3 million tokens, over 140% above the average, yet the price did not continue to break down. Although the short-term trend is somewhat weak, the 60-minute chart shows that the $2.258–2.260 region has formed a short-term defense, with lows gradually rising, indicating the market is attempting to form a phased bottom. More notably, the XRP/BTC monthly chart is approaching the upper edge of the Ichimoku cloud, which could be the first effective breakout signal since 2018. Historically, a monthly cloud breakout often indicates that the asset may outperform Bitcoin in the medium to long term, rather than just a short-term rebound. Currently, $2.21 is a critical support/resistance level; losing this could trigger a new round of liquidations, while the $2.31–2.32 range is a key window for trend reversal.

3️⃣ Cross-chain ecosystem and RWA applications continue to expand, medium- and long-term application prospects gradually validated

Wrapped XRP has been launched on multiple mainstream networks including Solana, Ethereum, Optimism, Ink, and Unichain, supported 1:1 by Hex Trust and LayerZero, with over $100 million in liquidity locked at launch. Ripple’s stablecoin RLUSD has initiated multi-chain pilot programs, launched on Ethereum Layer 2 via Wormhole protocol. The tokenization of real-world assets on XRP Ledger has exceeded $568 million, with a 2200% increase over the year, of which RLUSD accounts for over 50%, approximately $293 million. These developments mark a deep evolution of the XRP ecosystem from single-chain to multi-chain strategies, creating new application scenarios for real-world asset tokenization and yield protocols, and pushing XRP from a pure payment asset toward financial infrastructure upgrades.

4️⃣ Exchange supply continues to tighten to a seven-year low, improving supply-side structure

Centralized exchange holdings of XRP have fallen to about 1.6 billion, a new low since 2018, down approximately 57% from the peak at the end of 2025. Although Ripple plans to unlock 1 billion XRP in January 2026, historical data shows that about two-thirds or even up to four-fifths of unlocked XRP are usually quickly re-escrowed, with limited actual market inflow. The continued tightening of supply combined with ETF demand may provide medium- and long-term support during price rebounds.

5️⃣ Signals from international financial institutions and policy environment are positive, mid-term value recognition increases

Standard Chartered’s global head of digital asset research expressed optimism about XRP, expecting its price to rise to $8 by 2026, representing a potential increase of 254% from current levels. The current US President’s public speech emphasizing modernization of the financial system through faster payment infrastructure and advanced encryption technology is interpreted by the market as a positive signal for blockchain and crypto payment solutions. As an asset designed for cross-border payments, XRP’s technical positioning aligns with current policy reforms. The Japanese government plans to reduce the crypto investment income tax rate from the maximum 55% to 20%, and intends to launch more ETFs linked to specific cryptocurrencies. These policy changes create a more favorable environment for XRP’s practical application.

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