XRP Ledger Moves Closer to Upgrade Activation with 55% Validator Adoption
- Validator Adoption Increase: The XRP Ledger's xrpld v3.2.0 version has been adopted by over 55% of trusted validators, specifically 84 validators, advancing the network's upgrade activation process and demonstrating community support for the new version.
- Node Update Status: Currently, 353 network nodes have installed xrpld v3.2.0, accounting for 42.12% of all nodes, while the older version 3.1.3 remains active on 440 nodes, indicating a gradual transition to the new version across the network.
- Security and Infrastructure Improvements: This upgrade not only rebrands the software to xrpld but also introduces infrastructure updates and security fixes, particularly enhancing security for Single Asset Vaults and the Lending Protocol, aimed at improving the overall stability and security of the network.
- Amendment Support Lagging: Despite the rising validator adoption, the support for the fixCleanup3_2_0 amendment stands at only 40%, far below the 80% threshold required for activation, indicating that more community backing is needed for protocol changes.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00314 | 0.0386 | 0.0673 | 0.103 | 0.131 | 0.167 | 0.196 |
| Fibonacci | 0.0386 | 0.0631 | 0.0782 | 0.103 | 0.127 | 0.142 | 0.167 |
About BASED
About the author
