According to the news from Bijie.com, on December 3, the native token XRP of Ripple, the global cross-border payment network, rose 17.18% in the past 24 hours and is now reported at $2.6792. According to market data, XRP hit $2.8723 on December 2, the highest point since January 2018, and continued to attract investors' attention. According to a report by crypto market research firm Santiment, since November 9, whale addresses holding 1 million to 10 million XRP have hoarded 679.1 million XRP in just three weeks, worth about $1.66 billion. In addition, the total number of non-empty wallets of XRP exceeded 5.5 million for the first time, marking the continued growth of the token ecosystem over the past 8 years. According to market news, global ETF provider WisdomTree has submitted the S-1 registration document for the XRP ETF to the U.S. Securities and Exchange Commission (SEC), further enhancing the appeal of XRP in the institutional market. Analysts pointed out that the secure, instant, and low-cost cross-border payment capabilities provided by Ripple's distributed ledger technology are one of the core factors driving the XRP craze. The industry believes that with the deepening of institutional participation and the continued rise in market sentiment, XRP may usher in a new round of price highs.

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