XRP Ledger has approached a major milestone since its launch in mid-2012. The number of ledgers processed on the network has exceeded 99 million 490 thousand and is only 509 thousand steps away from the 100 million mark.
Maintains Its Strength Despite the Turmoil in the Market
This data attracted attention in the post made by the validator Vet. According to XRPSCAN data, the steady growth of the system proves that the network has been operating uninterruptedly for 13 years. XRP Ledger began development in 2011 by David Schwartz, Jed McCaleb and Arthur Britto. Bitcoin $115,083.26Inspired by , the team designed XRP with the aim of creating a more energy efficient and payment-oriented digital asset. Today, XRP ranks fifth in terms of market cap, according to CoinMarketCap data.
Despite the $19 billion liquidation wave over the weekend, XRP has made a strong recovery. The price, which dropped from $2.83 to $1.77 on Friday, rose to $2.64 as of Monday morning. Thus, after the sharp decline of 41%, most of the losses were compensated. XRP’s market cap has reached $157 billion and the price is trading above its 200-day moving average of $2.57. Analysts state that if this level is maintained, the price can target the range of $ 2.89-3. Also Ripple $2.62‘s new stable asset, RLUSD, managed to maintain its stable value of $1 despite the turbulent week.
Similar Mobility in Other Cryptocurrencies
A similar story of resistance happened in Solana last week. With the influence of ETF rumors, the price of SOL increased by 15% in a short time. During the same period, Bitcoin remained flat at $115,000 while Ethereum $4,157.04 It retested the $4,500 threshold. According to experts, in order for the market-wide recovery to continue, investor confidence must increase and corporate purchases must continue.
As a result, XRP Ledger reaching 100 million ledgers is seen as a technical and historical turning point for the crypto world. This success reflects the stability of the network and the long-term vision of the developer community. Despite price fluctuations, both technical and community fundamentals of XRP remain strong. This shows that XRP is not just a speculative asset, but also has a technology that has potential for use in financial systems.