XRP Gains as Ripple’s XRPL Upgrade Fixes Vulnerabilities
XRP is up 2.00% to $1.41 in 24h, closely tracking a 2.1% rise in Bitcoin and a 1.99% gain for the total crypto market, primarily driven by a broad market uptick.
The XRP Ledger released software version 3.1.2, a hot fix addressing a critical edge case that caused outages on public-facing nodes.
This follows an emergency patch for a separate bug in the Batch amendment that could have allowed unauthorised fund transfers. The update requires no new amendment vote and is advised for all node operators to ensure stability.
According to the XRPL announcement, the new 3.1.2 Rippled version fixes several vulnerabilities that could have disrupted server operations. These fixes are designed to improve node stability and ensure smoother network performance.
The update follows earlier XRPL upgrades that introduced a lending protocol and single-asset vault features. As new financial tools are added to the ecosystem, strengthening the network’s security has become increasingly important.
XRP’s price action is currently highly correlated with the broader crypto market’s direction.
Technically, XRP is trading just above its daily pivot point at $1.38 and its 7-day simple moving average at $1.37, with a neutral RSI of 45.78. Volume surged 61.65%, confirming the move.
The immediate bias is neutral to slightly bullish, contingent on holding key support. A sustained break above the 30-day SMA at $1.40 could signal stronger momentum, while a break below the $1.38 pivot would shift the structure to bearish.
XRP’s rise was a beta-driven move amplified by positive social chatter. Its near-term path depends on holding technical support as the broader market seeks direction.
XRP’s trajectory is being shaped by stronger network fundamentals and real-world adoption, though its price must contend with ongoing supply releases from Ripple’s escrow.
Earlier in the day, XRP’s price rebounded roughly 5% to trade near $1.42, recovering from recent lows. This move was accompanied by a significant surge in on-chain payment volume, exceeding 640 million XRP transferred between accounts on the XRP Ledger. XRP Gains 4% as Investors Rotate Capital to Altcoin
