Ripple's XRP Ledger Upgrade Drives Innovation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 5 days ago

XRP-0.952%

STABLE+5.05%

Explore Agentic TradingLet AI Trade for You

Network Stability Analysis: David Schwartz's analysis reveals that the XRP Ledger experienced minimal disruptions over the past month, with only a brief network connectivity issue, underscoring the network's stability and reliability.
Key Upgrade Features: The XRPL v3.2.0 version introduces several critical features, including Single Asset Vaults, the XLS-66 lending protocol, and enhanced decentralized exchange capabilities, which will improve the network's functionality and user experience.
Upgrade Strategy and Compliance: The XRPL Foundation advises node operators to follow the official migration plan, with approximately 14% of nodes having adopted v3.2.0, and experts predict a potential 40% reduction in memory usage, thereby lowering operational costs and enhancing scalability.
Ecosystem Expansion: Ripple is actively expanding the XRPL ecosystem, focusing on AI-driven payment scenarios, aiming to simplify blockchain access for banks, and facilitating the transition of financial institutions into the blockchain space.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like XRP with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

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 3 technical signals, shows that 0 indicators are flashing buy, while 3 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	0.918	1.018	1.092	1.193	1.267	1.368	1.442
Fibonacci	1.018	1.085	1.126	1.193	1.26	1.301	1.368

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.

Let AI Trade for You

Auto Trading Task on XRP?

Get Started Free