The XRP cryptocurrency is displaying remarkable resilience amidst intense market activity, stubbornly holding its price near the $2.26 mark. This stability is maintained despite the XRP ecosystem facing its largest recent volume of profit-taking, with investors realizing an unprecedented $220 million in gains within a single 24-hour period. Crucially, this robust stance is underpinned by two fundamental catalysts: the mounting speculation surrounding the imminent launch of XRP ETFs (Exchange-Traded Funds) and the latest news confirming a $40 billion valuation for Ripple, the company supporting the token. Despite the massive selling pressure from the profit realization, XRP’s market capitalization remains robust at $136 billion, signaling a clear shift in investor sentiment toward long-term confidence, reports The WP Times with reference to Telegram.
The report of Ripple’s reinforced financial strength, secured by the $40 billion valuation, provides a strong institutional backbone to the market. This development signals stability to major investors and mitigates the impact of short-term price volatility. Concurrently, the ongoing expectation of XRP ETFs acts as a vital psychological anchor, as their regulatory approval is widely viewed as the ultimate confirmation of the token's mainstream institutional acceptance. XRP's ability to defend the $2.26 price level in the face of $220 million in profit realization therefore speaks volumes about its deep liquidity and strong buying commitment, especially at the institutional level.
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