Ripple Releases XRP Ledger Version 3.2.0 with Key Updates

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Version Upgrade: David Schwartz, Ripple's CTO, upgraded his independent hub server to XRP Ledger version 3.2.0, which was expected to take about ten minutes but took slightly longer due to the need for safe shutdown, highlighting the importance of network stability.
Performance Monitoring: Schwartz shared performance charts from the past month, revealing only one event related to peer disconnections, indicating the overall stability of the XRP Ledger and enhancing user confidence as no major failures were reported.
Software Renaming: The update renamed the core server binary from 'rippled' to 'xrpld' and changed the default configuration file name, marking a shift towards a clearer identity for the XRP Ledger, which may strengthen community recognition of network independence.
Technical Cleanup: The 3.2.0 release primarily serves as a cleanup and maintenance update, retiring amendments older than two years and optimizing features related to Single Asset Vaults and Lending Protocols, ensuring a smooth path for future financial tool development and supporting more complex on-chain activities.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.867	0.978	1.072	1.183	1.277	1.388	1.482
Fibonacci	0.978	1.056	1.104	1.183	1.261	1.309	1.388

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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