\n
<\/p>\n
In the following lines, we will explore the latest partnership expansions by Ripple, and we will take a look at the growing inflows into the spot XRP ETFs.<\/p>\n
We will also touch upon the asset’s price performance, which has been rather underwhelming as of late.<\/p>\n
At the end of the previous business week, Ripple outlined<\/a> the expansion of its partnership with TJM Investments, a FINRA-regulated broker-dealer, and TJM Institutional Services, an NFA-registered introducing broker (TJM). The new deal would allow TJM to offer its clients improved capital and collateral efficiency as well as enhanced clearing stability and balance-sheet support via Ripple Price – the newly rebranded multi-asset prime brokerage platform.<\/p>\n \u201cWe are pleased to deepen our partnership with TJM, which reflects the shared vision and trust the principals of our businesses have cultivated for over a quarter-century,\u201d commented Noel Kimmel, President of Ripple Prime.<\/p>\n<\/blockquote>\n Separately, XRP Healthcare, a Web3 company building a blockchain-based healthcare payment platform on the XRP Ledger, announced<\/a> securing a global trademark protection across healthcare services, digital health technology, and payment-related infrastructure in several global jurisdictions.<\/p>\n The trademark is now registered in the US under Classes 9 and 44, with established registrations in the UK, EU, UAE, and Uganda. XRP Healthcare also said it’s working on receiving the green light in other jurisdictions.<\/p>\n Thirdly, Upshift, Clearstar, and Flare announced in a press release shared with CryptoPotato<\/em> that they have jointly launched earnXRP, a new XRP-denominated yield vault designed to make earning on-chain XRP yield simpler, more transparent, and more accessible.<\/p>\n This will allow token holders to generate yield directly denominated in XRP, without managing complex DeFi strategies themselves.<\/p>\n Canary Capital’s XRPC became the first spot XRP ETF to launch in the US with 100% exposure to the asset on November 13. Since then, four more products have followed suit, and the financial vehicles have enjoyed investors’ attention.<\/p>\n In well over a month, they have seen only green days in terms of net inflows. The total amount allocated to the funds exceeded $1.1 billion as of Monday’s close, when $43.89 million entered the ETFs. Moreover, the spot XRP funds have outperformed<\/a> all other crypto-based ETFs since November 13.<\/p>\n Despite the overall bullish year for Ripple and the growing ETF inflows, the underlying asset’s price performance has been quite disappointing lately. It traded above $2.55 on November 13, ahead of the first ETF launch, but has tumbled to under $2.00 as of press time, losing over 20% of its value.<\/p>\n After another unsuccessful breakout attempt yesterday, it was stopped at $1.95 and now sits below $1.90, which is a key support line. If decisively broken to the downside, it could lead to another drop to $1.70 or even $1.00.<\/p>\n Naturally, the overall sentiment toward the asset has turned bearish, which could actually be a blessing in disguise. Santiment reported<\/a> that XRP has benefited greatly in previous such instances when the crowd turned against it.<\/p>\n The post Ripple (XRP) News Today: December 23<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
Ripple ETF Streak Continues<\/h2>\n
XRP Price Update<\/h2>\n
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