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Tag: XRPL Labs

XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community
XRP News

XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community

The XRP Ledger (XRPL) is on the cusp of a major development with the activation of its Automated Market Maker (AMM) feature on March 21st, 2024. This move is expected to bring significant changes to the XRP ecosystem, potentially boosting its adoption and price. Increased Liquidity and Trading AMMs facilitate decentralized trading by creating liquidity pools where users can swap assets. This is expected to increase liquidity for XRP and other assets on the XRPL, attracting more traders and improving overall market efficiency. Read Also: Do Kwon to Face Charges in South Korea After Extradition Battle https://twitter.com/DPGmaximus/status/1770675229637148795 Passive Income Opportunities: Liquidity providers who deposit assets into these pools earn rewards from trading fees. This i...
XRP: Can it Reclaim its Glory Days?
XRP News

XRP: Can it Reclaim its Glory Days?

XRP, the cryptocurrency used on Ripple's payment network, has had a bumpy ride. Despite reaching an all-time high of $1.96 in January 2018, it has struggled to regain that level ever since. However, recent developments and predictions suggest a bright future for XRP. Read Also: Shiba Inu (SHIB) Sees Whale Accumulation Amidst Market Downturn Signs of Hope XRP has shown glimpses of its potential, reaching $0.93 in July 2023 after a positive court ruling in the ongoing lawsuit with the SEC. Additionally, Ripple's On-Demand Liquidity (ODL) services and the growing adoption of the XRP Ledger (XRPL) are fueling optimism. Changelly's Price Forecast Changelly, a cryptocurrency exchange, predicts a strong comeback for XRP. They believe XRP will reach $0.98 by the end of 2024, potentially exc...
XRP Struggles Now, But Analysts See Big Future: $500+ Possible?
XRP News

XRP Struggles Now, But Analysts See Big Future: $500+ Possible?

XRP Price Stalls, But Bullish Sentiment Remains While the broader cryptocurrency market experiences a mini-bull run, XRP struggles to recapture and hold the key $0.65 level. Despite this underperformance, many analysts maintain ambitious price targets for XRP, with some predicting it will reach $500 or more. Changelly: XRP Could Hit $500+ by 2040 Changelly, a crypto exchange platform, points to XRP's bullish sentiment despite its recent price woes. They cite the Fear and Greed Index (FGI) at 81 (indicating extreme greed) and a 67% win rate over the past month as signs of optimism. Read Also: XRP Lags Behind Crypto Rally, But Analysts Remain Bullish In the short term, Changelly predicts XRP could reach $0.78 within the next week, but then settle around $0.73 by the end of Mar...
XRP Shocks Market with Sudden Surge, Long-Term Prospects Debated
XRP News

XRP Shocks Market with Sudden Surge, Long-Term Prospects Debated

XRP defied the altcoin market's sluggishness with a surprise bullish rally in the last 24 hours. The price skyrocketed from $0.6215 to over $0.74 within six hours, representing a staggering 19.38% gain. This surge marked XRP's highest point since July 2023, breaking a seven-month downtrend that frustrated many holders. Read Also: K9 Finance DAO Token (KNINE) Hits New High, Aims to Unlock Shibarium Liquidity https://twitter.com/BitrueOfficial/status/1767386537761931460 Crypto Community Reacts with Surprise and Skepticism The dramatic turnaround sparked reactions from prominent figures in the crypto sphere. Singaporean exchange Bitrue highlighted XRP's impressive surge and queried the community: "Is it time for XRP to shine?" However, the response was mixed. While some believe XRP...
XRP Price Prediction Fails to Materialize: Wall Street Veteran Shannon Thorp Reflects on Missed Forecast
XRP News

XRP Price Prediction Fails to Materialize: Wall Street Veteran Shannon Thorp Reflects on Missed Forecast

Renowned Wall Street veteran Shannon Thorp has publicly acknowledged the expiration of her earlier bullish price projections for XRP, the cryptocurrency associated with Ripple Labs. Thorp's forecast, which had sparked speculation and anticipation within the XRP community, has fallen short of realization, prompting market observers to reevaluate XRP's price dynamics. Read Also: Terra Classic Community Pushes for Revival with Network Upgrade and Token Burn XRP Price Prediction Falls Flat On Friday, March 1, Shannon Thorp took to social media platform X (formerly Twitter) to announce the conclusion of her earlier ambitious forecast for XRP. The Wall Street veteran candidly admitted that her predictions had failed to materialize, describing the outcome as "bittersweet." Thorp's Bold Proj...
RippleX Vice President Discusses XRP Ledger Impressive Speed and Ongoing Improvements at Apex Dev Summit
Ripple News

RippleX Vice President Discusses XRP Ledger Impressive Speed and Ongoing Improvements at Apex Dev Summit

In a recent interview at the Apex Dev Summit in Amsterdam, Marcus Infranger, Vice President of RippleX Growth, shed light on the remarkable state of the XRP Ledger (XRPL) and the continuous developments in the XRPL ecosystem poised to strengthen its position in the blockchain industry. Scalability and Speed: XRPL's Key Strengths Infranger emphasized two critical aspects of XRPL's performance: interoperability and scalability. He lauded XRPL as one of the most scalable and efficient blockchain networks in existence. "Transactions happen in 3 to 5 seconds, very reliably for over a decade," he proudly stated. Read Also: Shiba Inu's Shibarium Gears Up for Significant Developments, Renouncing BONE Contract Marks Milestone Last October, SpendTheBits, a payment platform operating on XRPL,...
CoinFlip Expands Offerings with the Addition of XRP to its Order Desk
XRP News

CoinFlip Expands Offerings with the Addition of XRP to its Order Desk

Chicago-based crypto-based fintech firm, CoinFlip, has recently announced the inclusion of XRP to its Order Desk, offering its customers a personalized approach to crypto investment. Users can now access CoinFlip's Order Desk, where they will be provided with expert guidance and support to determine if XRP aligns with their investment portfolios. CoinFlip to adds support for XRP The decision to support XRP comes following a significant court ruling that confirmed XRP's status as a digital asset and not a security. This ruling has boosted confidence in the crypto sector and has heralded a favourable progression toward regulatory transparency. Read Also: USTC Multisig Considers Burning 800 Million Tokens to Address Zombie USTC Balances Ben Weiss, the CEO of CoinFlip, expressed excite...
Palau Stablecoin (PSC) Achieves Transparency and Adoption Milestones on XRP Ledger
XRP News

Palau Stablecoin (PSC) Achieves Transparency and Adoption Milestones on XRP Ledger

In a groundbreaking move for the cryptocurrency community, XRPScan introduces real-time tracking of Palau Stablecoin (PSC) transactions on the XRP Ledger, heralding a new era of transparency and trust. Palau Stablecoin (PSC) on XRPL XRPScan, the XRPL explorer and network analysis platform, has made waves in the crypto world by unveiling the addition of the Palau Stablecoin Pilot wallet. This significant development empowers users to closely monitor PSC transactions in real-time, offering comprehensive details about the issuer's address and ushering in a new level of transparency for the cryptocurrency. Read Also: US Congressman Criticizes Bitcoin Creator "Satoshi Nakamoto" for Lack of Innovation https://twitter.com/xrpscan/status/1684480411278139393   Since its inception...
XRP Emerges as Most Traded Altcoin of 2023, Surpassing $150 Billion Cumulative Volume on CEXs
XRP News

XRP Emerges as Most Traded Altcoin of 2023, Surpassing $150 Billion Cumulative Volume on CEXs

In a groundbreaking turn of events for the cryptocurrency market, XRP has asserted its dominance as the most traded altcoin of 2023, according to market data from Kaiko, a highly regarded source for crypto information across various networks. The research firm recently took to Twitter to reveal that XRP's cumulative trade volume on prominent centralized exchanges (CEXs) has soared past the $150 billion mark and is now inching closer to the $175 billion territory. Read Also: Prominent Developer Alleges Market Manipulation in Terra Classic (LUNC) - Community in Turmoil https://twitter.com/KaikoData/status/1683513794536906752 Kaiko's graph showcased the remarkable performance of numerous altcoins, but it was XRP that stood out as the clear winner, outperforming its closest rival by a...
Ducati Roars into Web3 with XRP Ledger Partnership, Unveiling NFT Digital Collectibles
XRP News

Ducati Roars into Web3 with XRP Ledger Partnership, Unveiling NFT Digital Collectibles

Italian motorcycle giant Ducati has accelerated into the world of web3, announcing a groundbreaking collaboration with Web3Pro and XRP Ledger (XRPL) to introduce a series of exclusive digital collectibles in the form of Non-Fungible Tokens (NFTs). This strategic move aims to drive real-world adoption of blockchain technology while offering Ducati enthusiasts an immersive experience into the brand's captivating journey. Read Also: Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip https://twitter.com/DucatiMotor/status/1682087851641454592 Scheduled for release on July 26, the first collection of NFTs will be a limited-edition video compilation showcasing the evolution of Ducati logos on motorcycles from 1946 to 2023. The compilation...