On - Demand Liquidity
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Ripple CEO loves one thing about the XRP community
Yahoo Financeยท 2025-09-25 17:24
Group 1 - XRP, the native token of XRP Ledger, has experienced a decline of nearly 10% since September 19, currently trading at $2.82, with a brief surge to $2.99 on September 23 before dropping again [1][2] - Resistance levels for XRP are identified between $3.20 and $3.30, while support is around $2.60, indicating potential consolidation if it maintains above the support level [2] - Ripple CEO Brad Garlinghouse has acknowledged the strong presence of the XRP community, highlighting their engagement during the XRP Seoul 2025 event [3] Group 2 - The introduction of mXRP at the XRP Seoul event allows dormant XRP supply to be utilized in yield-bearing structures, offering an 8% return, enhancing the token's utility [3][4] - Ripple's partnership with Securitize aims to develop a smart contract enabling investors to exchange tokenized fund tokens for Ripple USD (RLUSD), expanding the ecosystem's functionality [5] - Key utilities of XRP include On-Demand Liquidity (ODL) for bridging fiat currencies, minting and trading NFTs, and serving as a transactional asset for financial settlements [7]