Current XRP Market Update

As of February 26, 2025, XRP is trading at $2.21, reflecting a 5.56% decrease from the previous close. The intraday high was $2.35, while the low was $2.16.

This decline aligns with a broader market trend affecting major cryptocurrencies, with Bitcoin dropping below $90,000 and Ethereum seeing a modest 0.5% increase to $2,393.

XRP ETF Applications Gain Traction

The U.S. SEC has acknowledged new ETF applications for XRP from CoinShares, Canary Capital, and WisdomTree, joining previous applications from GrayScale and Bitwise. While acknowledgment doesn’t guarantee approval, it indicates regulatory progress.

Additionally, in Brazil, the Hashdex Nasdaq XRP Fund is now listed as pre-operational, marking a significant step toward institutional adoption.

Ripple Introduces Enterprise-Grade Stablecoin

Ripple has launched Ripple USD (RLUSD), a stablecoin designed to combine fiat stability with blockchain efficiency, enhancing XRP Ledger’s utility for institutional DeFi applications.

XRP Community and New Projects

The XRP community remains highly engaged, with projects like XRPTurbo gaining significant attention. The upcoming presale launch has drawn interest from major XRP investors.