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After the intense battle with the SEC, XRP has picked up where it left off. Ripple investors are very keen on the upcoming technology building on the XRP ledger, as they believe this will be of the utmost importance for the blockchain space.  Having stabilized at $0.595, XRP’s steadfast price amid a steady stream of technological triumphs implies the sector anticipates the requisite impetus to propel XRP into its subsequent soaring surge. Technological shockwaves continue rippling throughout the landscape as developers deliver enhanced upgrades, emphasizing XRP’s crucial role in powering the decentralized transactions that may define the future of blockchain. When looking at the on-chain data, it is observed that the number of ledgers increased well beyond 90 million over a month, even though wild swings were seen in XRP’s price. The ongoing climb in the ledger count (blue line) demonstrates more significant activity and engagement through the use of the XRP Ledger mainnet. High ledger activity is the result of many transactions on a blockchain — such as xCurrent and the XRP Ledger, coinciding with increased adoption/usage. What it implies is that the blockchain is being used more and more in regular operations, e.g., for payments or smart contracts/asset transfer, which adds pin-points to network robustness as well. This increase in action typically means more attention for users and developers (most of all) and should help to push XRP’s 2024 price prediction higher. Ripple’s Tech Upgrades: Batch-Devnet Servers and Batch Transactions On August 20th, Ripple Labs launched their new Batch-Devnet Servers, a parallel test network intended to allow experimentation without endangering the main network. This advancement is paramount for keeping up the innovation in the XRPL’s infrastructure stack, pushing it to the forefront among other blockchain networks. Batch-Devnet Servers are now available as a parallel XRP Ledger Test Network!https://t.co/hHVQBQ4LMZ…

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Filed under: News - @ August 21, 2024 6:23 am