XRP (XRP) rose 0.33% in the last 24 hours.

Gate News Bot news, September 28, according to CoinMarketCap data, as of the time of writing, XRP (XRP) is currently priced at $2.79, with a rise of 0.33% in the last 24 hours, reaching a high of $3.01 and a low of $2.70. The 24-hour volume has reached $3.108 billion. The current market capitalization is approximately $166.832 billion, an increase of $541 million compared to yesterday.

The XRP Ledger (XRPL) is a decentralized, public blockchain, led by a global community of businesses and developers, aimed at solving problems and creating value. The XRPL has been validated through over a decade of error-free operation, offering simplified development, low transaction costs, high performance, and sustainability. It features advantages such as being public and decentralized, simplified development, high performance, low cost, an active community, and reliability. The XRPL supports features like decentralized exchanges, cross-currency payments, payment channels, multi-signature, and tokens, providing developers with rich documentation and tools.

Important news about XRP recently:

1️⃣ Gate launches XRP chain staking mining Gate officially launches XRP on-chain staking service, allowing users to participate in mining with a minimum investment of 1 XRP, with the current annualized yield reaching up to 0.05%. Staked assets can be redeemed at any time, with a redemption period of 3 days. This initiative provides XRP holders with a new channel for earning income and is expected to enhance the utility and attractiveness of XRP.

2️⃣ Whales shorting XRP cause significant losses A giant whale investor shorted 2.78 million XRP (worth 7.7 million dollars) with a 20x leverage, resulting in a loss of over 1.2 million dollars. The liquidation price for XRP was 3.0665 dollars. This event reflects the divergence in the market regarding the price trend of XRP, while also highlighting the risks of high-leverage trading.

3️⃣ XRP continues to maintain market heat In the recent cryptocurrency popularity rankings, XRP ranks first, showing investors' continued interest in XRP. This sustained popularity may have a positive impact on XRP's price and volume.

From a technical perspective, XRP has recently been fluctuating near the key resistance level of $3.00. The current price of $2.79 is slightly below this resistance level, and if it can regain a foothold above $3.00, it may further challenge the recent high of $3.01. However, investors should still pay attention to the support around $2.70 to guard against further pullbacks.

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