XRP (XRP Ledger) down 5.77% in the past 24 hours, currently at $2.13

Gate News Bot Message, January 8th, according to CoinMarketCap data, as of press time, XRP (XRP Ledger) is trading at $2.13, down 5.77% in the past 24 hours, with a high of $2.41 and a low of $1.87. The 24-hour trading volume reached $4.067 billion. The current market capitalization is approximately $129.142 billion, a decrease of $7.904 billion from yesterday.

XRP Ledger is a decentralized public blockchain born for commercial applications, led by a global community of enterprises and developers. Supported by over ten years of faultless operation, it offers a simplified development experience, low transaction costs, high-performance processing, and sustainability. Each transaction costs only a few cents, with thousands of transactions settled within seconds.

Core features of XRP Ledger include a built-in high-performance decentralized exchange, cross-currency payments, payment channels, multi-signature security mechanisms, and token issuance. The network has maintained over 63 million ledgers, maintained by global enterprises, developers, validator nodes, and users, dedicated to building a green and efficient blockchain infrastructure.

Analysis of Recent Key Market Drivers for XRP

1️⃣ Short-term Outflow of Spot ETF Funds, Phase-wise Cooling of Institutional Enthusiasm

On January 7th (Eastern Time), the US XRP spot ETF recorded a net outflow of $40.8 million in a single day, with 21Shares’ TOXR product outflowing $47.25 million, showing the weakest performance. In contrast, Bitwise XRP ETF still recorded a net inflow of $2.44 million, reflecting divergence among different fund managers. Despite the single-day outflow, the total net asset value of XRP spot ETFs remains at $1.53 billion, with a cumulative net inflow of $1.2 billion. This fund reflow more reflects short-term profit-taking and position adjustments rather than a fundamental rejection of XRP’s long-term value by institutions.

2️⃣ Expansion of Cross-Chain Ecosystem Brings New Progress, On-Chain Liquidity and Application Scope Continue to Broaden

Flare’s FXRP, issued through its FAssets system, officially launched on the Hyperliquid platform, achieving XRP’s first spot trading pair on that chain (FXRP/USDC). FXRP is issued based on Flare’s FAssets system and LayerZero’s cross-chain standards, supporting direct bridging back to XRP Ledger after trading on Hyperliquid. This move provides XRP holders with deeper on-chain spot liquidity and expands XRP’s use cases in DeFi scenarios, maintaining the native XRP’s decentralized custody as the final settlement layer.

3️⃣ WisdomTree Actively Withdraws Spot ETF Registration Application, Market Competition Pattern Adjusts

On January 7th, WisdomTree officially withdrew its proposed registration for a spot XRP ETF with the U.S. Securities and Exchange Commission, stating that it has decided not to proceed with the product issuance at this time. Although this reduces the options for XRP ETF products in the market, it does not shake the fund base of already listed products. Major products like Franklin XRP ETF (XRPZ), Bitwise XRP ETF, Canary XRP ETF continue to operate stably, with total assets remaining high.

4️⃣ Ripple Business Ecosystem Accelerates Expansion, Payment Infrastructure Construction Accelerates

Ripple’s enterprise financial management company GTreasury completed its acquisition of Solvexia, a leader in no-code financial automation. This integration combines GTreasury’s financial management platform with Solvexia’s automation technology, greatly improving financial processing efficiency, reducing manual reconciliation from days to minutes, and significantly lowering error rates and audit risks. After the acquisition, Ripple continues to expand its footprint in the financial sector, further strengthening its competitiveness in digital asset infrastructure.

5️⃣ Progress in National Bank License Application, Long-term Regulatory Recognition Improves

Ripple’s application for a national bank license is nearing completion. The process started as early as July 2025 and received conditional approval in December 2025. The proposed institution is named Ripple National Trust Bank, positioned as a trust bank, and will be a member of the Federal Reserve System. This status allows Ripple to directly access the U.S. financial system and use Fed-related infrastructure, providing higher-level compliance backing for serving institutional clients and managing the stablecoin RLUSD reserves. The approval of the national bank license marks stronger institutional recognition of XRP in financial regulation.

6️⃣ Significant Increase in Funding Scale and Valuation, Deepening Institutional Capital Concentration

Ripple completed a $500 million financing in November 2025, with the company’s valuation reaching approximately $40 billion, a substantial jump from the previous implied valuation of $11.3 billion. This round attracted heavyweight institutions including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, further reinforcing Ripple’s market backing at the institutional level. Ample capital reserves enable the company to expand without an IPO, with management explicitly stating no plans to go public in the short term, focusing instead on business execution, M&A, and core product expansion.

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