XRP (XRP) 24h Up 2.82%

Gate News Bot Message, January 22nd, according to CoinMarketCap data, as of press time, XRP (XRP) is trading at $1.96, up 2.82% in the past 24 hours, with a high of $2.08 and a low of $1.88. The 24-hour trading volume reached $4.327 billion. The current market capitalization is approximately $118.891 billion, an increase of $3.266 billion from yesterday.

Analysis of Recent Key Market Drivers for XRP

1️⃣ Institutional Funds Remain Steady, Spot ETF Continues Net Inflows Providing Price Support

The US XRP spot ETF has maintained stable net inflows over the past week. On January 20th, a single-day net inflow of $1.12 million was recorded, including Franklin XRP ETF XRPZ with a single-day net inflow of $1.12 million, bringing the total net inflow to $290 million. Grayscale XRP ETF GXRP has a total net inflow of $232 million, and Bitwise XRP ETF has a total net inflow of $310 million. As of the report, the total net asset value of XRP spot ETFs ranges from $1.34 billion to $1.52 billion, with XRP’s net asset ratio maintained between 1.16% and 1.21%. The cumulative net inflow has reached between $1.22 billion and $1.28 billion. Despite recent price fluctuations due to the Fed’s hawkish stance, institutional investors’ demand for ETF allocations remains stable, indicating that their medium- to long-term valuation of XRP has not fundamentally changed. This structural demand provides an important technical support foundation for the price.

2️⃣ Ripple’s EU Compliance Framework Improves, Payment Infrastructure Moves Toward Commercial Scale

Ripple has received preliminary approval for an Electronic Money Institution (EMI) license from the Luxembourg Financial Sector Supervisory Authority, issued in the form of a “green light letter,” laying the groundwork for Ripple to offer broader payment services within the EU after meeting final compliance conditions. Coupled with the previously obtained FCA license in the UK, Ripple is establishing a dual regulatory framework to more efficiently promote cross-border payments, stablecoin applications, and asset tokenization settlement businesses in key European financial markets. Ripple President Monica Long stated that the global financial system is transitioning from a “trial phase” of blockchain to a “production era.” As the EU is a leading jurisdiction in establishing a comprehensive digital asset regulatory framework, this certainty helps financial institutions advance blockchain technology from pilot projects to commercial scale. This progress directly strengthens XRP’s practical application scenarios in on-chain financial infrastructure, providing regulatory certainty for institutional payment needs.

3️⃣ On-Chain Settlement of Real Assets Accelerates, XRP Supported by High-Value Functional Demand

Dubai has launched a government-supported real estate trading platform that allows investors to buy and trade real estate shares via blockchain, with XRP used directly as the core settlement tool. This is a significant case where high-value real-world assets are first realized on-chain through compliant splitting, trading, and settlement. In this application, XRP is no longer just a trading asset but becomes a direct settlement medium for property share transactions. Leveraging the high throughput and low transaction costs of the XRP Ledger, property token transfers and settlements can be nearly real-time, providing a clear real-world financial demand basis for XRP and gradually shifting it from a speculative asset to a functional financial infrastructure.

4️⃣ Evernorth IPO Preparation Advances, XRP Asset Securitization Channels Expand Institutional Access

Ripple-supported XRP treasury entity Evernorth plans to launch an IPO in Q1 2026 via a SPAC merger on NASDAQ, with the trading code XRPN. The company holds 388 million XRP tokens, currently valued at about $812 million. Evernorth CEO Asheesh Birla stated that the company has the right regulatory environment, government support, and prepared institutions. Evernorth not only provides direct XRP exposure but also handles custody, compliance, and security obligations, representing an important step forward for institutional XRP holdings. This development will further reinforce XRP’s status as a regulated financial asset, building a long-term bridge between traditional finance and the XRP ecosystem, and expanding pathways for institutional investors to access XRP exposure.

5️⃣ On-Chain User Base Expansion Deepens, Wallet Growth Reflects Increased Ecosystem Participation

Since mid-December 2025, the XRP whale list has added over 25,000 new wallet addresses, setting a new monthly growth record. This growth covers all address segments from the top 0.1% to the top 10%, indicating that funds of all sizes are increasing holdings or entering the market anew. The total number of wallets holding XRP has grown from 7.41 million to over 7.51 million, with about 99,000 new addresses added in just the past month. Since the low of $1.84 on December 17, 2025, XRP has rebounded approximately 14%. The simultaneous increase in wallet count and price suggests expanding demand fundamentals, helping to ease selling pressure and enhance price resilience, providing a long-term user base to support key market levels.

6️⃣ Australian Trading Volume Surpasses Bitcoin for the First Time in Four Years, Market Functionality and Recognition Improve

XRP has achieved a key breakthrough in the Australian cryptocurrency market, becoming the highest-traded digital asset on that platform, surpassing Bitcoin for the first time in nearly four years in trading activity. Strong local community support and the deep integration of XRP with Ripple’s ODL cross-border payment system are key reasons for the rapid volume increase. From an asset perspective, XRP’s appeal is not solely driven by price volatility but by its practical use in low-cost, high-efficiency cross-border payments. As the regulatory environment becomes clearer, network usage increases, and community engagement strengthens, trading volume continues to grow. This shift reflects a market moving from early speculative stages toward a more rational, function-driven development.

This message is not investment advice. Investors should be aware of market volatility risks.