XRP Ledger Releases New Upgrade to Boost Network Performance — Will It Move the Price?
RippleX, the development arm of Ripple, rolled out version 2.5.0 of the XRP Ledger on Wednesday, introducing several protocol upgrades aimed at strengthening network functionality and security. Key Takeaways: XRP Ledger...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
RippleX, the development arm of Ripple, rolled out version 2.5.0 of the XRP Ledger on Wednesday, introducing several protocol upgrades aimed at strengthening network functionality and security.
Key Takeaways:
- XRP Ledger v2.5.0 adds multi-purpose tokens and improved escrow support.
- New upgrades enhance transaction efficiency, DEX permissions, and network security.
- Whale wallets and daily active addresses on XRP Ledger hit record highs.
Described by RippleX engineer Mayukha Vadari as “possibly the best single lineup of amendments” in one release, the upgrade brings key amendments that could impact how tokens are managed and how transactions are processed across the network.
Among the most notable is XLS-85, which enhances the escrow system by adding support for third-party issued tokens, including stablecoins.
XRP Ledger Upgrade Introduces Multi-Purpose TokensThe amendment also enables multi-purpose tokens (MPTs), tailored for institutional use cases.
XLS-56, another major change, introduces wrapper transactions, bundling up to eight steps into one to reduce the high failure rate in multi-step flows.
The update also includes XLS-81 and XLS-75, which add permissioned decentralized exchange (DEX) functionality and allow for delegated transaction permissions.
Beyond feature upgrades, version 2.5.0 addresses several security concerns. It adds checks to automated market maker (AMM) interactions and introduces protections against NFT spam.
A critical bug that allowed the creation of non-functional payment channels has also been fixed.
Possibly the best single lineup of amendments we've ever had in one release.
Features:
– Token Escrow adds support for IOUs and MPTs to the native Escrow primitive (written and designed by @angell_denis)
– Batch adds the ability to group multiple transactions and execute them… https://t.co/9aF3Wa0Qug
“Huge progress — kudos to you Mayukha and all the devs who contributed to this release!” Brad Garlinghouse, CEO at Ripple, said in response to the announcement.
As reported, the XRP Ledger has recorded a surge in user activity, with the number of daily active addresses climbing from an average of 35,000 to over 295,000.
Alongside growing usage, the number of whale wallets holding over 1 million XRP has reached an all-time high of 2,700 — a milestone not seen in the 12-year history of the protocol.
The rise in large holders may reflect growing institutional or high-net-worth conviction in XRP’s long-term value.
In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.
XRP Bulls Attempt RecoveryXRP is trading near $2.19 at the time of writing, showing minor gains following a volatile drop.
On the 12-hour chart, XRP remains below the upper Bollinger Band ($2.23), indicating it is still facing overhead resistance.
The RSI sits at 62.45, just below the overbought threshold, suggesting room for upside but hinting at short-term exhaustion. MACD is flattening, reflecting slowing bullish momentum.
On the 30-minute timeframe, XRP’s RSI has cooled to 54.79 after peaking near 70 during a brief intraday rebound, while MACD is starting to curl upwards, signaling a potential recovery.
The price has formed a local base above $2.18, the midline of the Bollinger Band, with $2.19 now acting as a short-term support level.
The 1-minute chart shows improving microstructure, with RSI above 60 and MACD lines crossing into positive territory. Volume remains relatively low, suggesting the current move lacks strong conviction.
For now, XRP must break decisively above $2.23 to challenge further resistance levels.
Failure to hold $2.18 could open the door to a retest of $2.10. Bulls are trying to regain control, but the market remains cautious after regulatory headwinds.
The post XRP Ledger Releases New Upgrade to Boost Network Performance — Will It Move the Price? appeared first on Cryptonews.
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