Canary

Franklin

Grayscale

Dubai

<p>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>
<h2 id="the-etf-craze">The ETF Craze</h2>
<p>Nearly a month ago, Canary Capital <a href="https://cryptopotato.com/canarys-xrp-etf-xrpc-launch-successful-heres-what-happened-on-day-1/" rel="noopener noreferrer nofollow">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>
<p>21Shares was rumored to hop on the bandwagon last week, but its official start was delayed. Some X users <a href="https://x.com/cryptodotnews/status/1998508049317663044" rel="noopener noreferrer nofollow">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>
<p>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’s fund comprises $371 million of the figure, whereas Grayscale’s GXRP ranks second with $213 million.</p>
<h2 id="rlusd-s-progress">RLUSD’s Progress</h2>
<p>Ripple launched its stablecoin, called RLUSD, nearly a year ago. It is pegged 1:1&nbsp;<span style="box-sizing: border-box; margin: 0px; padding: 0px;">to the American dollar and, over the past several months, has&nbsp;<a href="https://cryptopotato.com/ripple-taps-the-oldest-us-bank-to-custody-rlusd/" rel="noopener noreferrer nofollow">received</a> support from numerous exchanges and even banking giants, including</span>&nbsp;the oldest US bank, BNY Mellon.</p>
<p>In November, Ripple <a href="https://cryptopotato.com/ripple-xrp-news-today-december-1st/" rel="noopener noreferrer nofollow">disclosed</a> that Abu Dhabi’s Financial Services Regulatory Authority (FSRA) had recognized the product as an accepted fiat-referenced token. This marks RLUSD’s expansion in the Middle East, since prior to that, it <a href="https://cryptopotato.com/big-news-for-ripple-and-rlusd-details-here/" rel="noopener noreferrer nofollow">received</a> similar backing from the Dubai Financial Services Authority (DFSA).</p>
<p>Meanwhile, the asset’s 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’s USDT and Circle’s USDC.</p>
<h2 id="xrp-price-outlook">XRP Price Outlook</h2>
<p>Ripple’s 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>
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/12/XRP-Price-1.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/12/XRP-Price-1.png" alt="XRP Price" width="840" height="577"></a>
 <figcaption>
  XRP Price, Source: CoinGecko
 </figcaption>
</figure>
<p>As <em>CryptoPotato</em> <a href="https://cryptopotato.com/510000000-xrp-dumped-by-whales-last-week-good-or-bad-news-for-ripple-prices/" rel="noopener noreferrer nofollow">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’t keep pace). Additionally, it may cause panic and prompt smaller players to sell as well.</p>
<p>The post <a href="https://cryptopotato.com/ripple-xrp-news-today-december-10th/" rel="noopener noreferrer nofollow">Ripple (XRP) News Today: December 10th</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple (XRP) News Today: December 10th

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