{"id":119481,"date":"2025-12-10T20:07:27","date_gmt":"2025-12-10T20:07:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=119481"},"modified":"2025-12-10T20:07:27","modified_gmt":"2025-12-10T20:07:27","slug":"ripple-xrp-news-today-december-10th","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=119481","title":{"rendered":"Ripple (XRP) News Today: December 10th"},"content":{"rendered":"

Ripple and the advancement of its entire ecosystem remain among the top-trending topics in the cryptocurrency space. In the following lines, we will touch upon the latest developments and analyze the performance of its native token.<\/p>\n

The ETF Craze<\/h2>\n

Nearly a month ago, Canary Capital became<\/a> the first company to introduce a spot XRP exchange-traded fund (ETF) in the United States that has 100% exposure to the asset. Shortly after, Bitwise, Franklin Templeton, and Grayscale followed suit.<\/p>\n

21Shares was rumored to hop on the bandwagon last week, but its official start was delayed. Some X users revealed<\/a> that the firm has submitted its fifth amendment to its S-1, bringing the product one step closer to a potential launch in the coming days.<\/p>\n

The spot ETFs have generated significant interest among investors. According to data provided by SoSoValue, the cumulative total net flow into these products has reached almost $950 million. Canary Capital\u2019s fund comprises $371 million of the figure, whereas Grayscale\u2019s GXRP ranks second with $213 million.<\/p>\n

RLUSD\u2019s Progress<\/h2>\n

Ripple launched its stablecoin, called RLUSD, nearly a year ago. It is pegged 1:1\u00a0to the American dollar and, over the past several months, has\u00a0received<\/a> support from numerous exchanges and even banking giants, including<\/span>\u00a0the oldest US bank, BNY Mellon.<\/p>\n

In November, Ripple disclosed<\/a> that Abu Dhabi\u2019s Financial Services Regulatory Authority (FSRA) had recognized the product as an accepted fiat-referenced token. This marks RLUSD\u2019s expansion in the Middle East, since prior to that, it received<\/a> similar backing from the Dubai Financial Services Authority (DFSA).<\/p>\n

Meanwhile, the asset\u2019s market capitalization has surged to almost $1.3 billion, making it the 84th-largest cryptocurrency. However, RLUSD remains an insignificant player in the stablecoin sector, which is dominated by Tether\u2019s USDT and Circle\u2019s USDC.<\/p>\n

XRP Price Outlook<\/h2>\n

Ripple\u2019s native cryptocurrency currently trades at around $2.06, meaning a 5% decline on a weekly scale. And while the bulls hope for a short-term resurgence, the recent whale activity suggests a further downtrend might be on the way.<\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

As CryptoPotato<\/em> reported<\/a>, large investors offloaded more than 500 million XRP (worth over $1 billion) in the span of a single week. This development increases the available supply and could result in a price decline (assuming demand doesn\u2019t keep pace). Additionally, it may cause panic and prompt smaller players to sell as well.<\/p>\n

The post Ripple (XRP) News Today: December 10th<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ripple and the advancement of its entire ecosystem remain among the top-trending topics in the cryptocurrency space. In the following lines, we will touch upon the latest developments and analyze the performance of its native token. The ETF Craze Nearly a month ago, Canary Capital became the first company to introduce a spot XRP exchange-traded […]<\/p>\n","protected":false},"author":0,"featured_media":119482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-119481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119481"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119481"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/119482"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}