The XRP digital presence seems to have suffered an 8 percent depreciation after approximately one hour of pause in the XRP Ledger. The price is reported to decrease to $ 2.50.
Network Discount and Price Movements
During the deduction on Tuesday, block production stopped and the network froze at a block height of 93927173. As the system quickly returned to normal transactions, the price decreased to critical support levels caused market concerns.
Authorized statements and community opinions
Ripple $2.6David Schwartz, technical manager, said the exact cause of the problem has not yet been determined. As the consensus in the network continued, the inability to publish the verification led to the failure of the process.
David Schwartz: “The exact reason for the problem has not yet become clear. The disruption in the verification broadcast was solved with manual interventions. ”
In addition, the XRP Healthcare team manager Edo Farina has a 110 thousand hours of use since the 2012 launch of the network; 99,999 percent of the deduction experienced by using expressions indicating that 99,999 percent, drew attention to the general performance of the network.
In recent weeks, the XRP Ledger has implemented the ammclawback upgrade to increase the compliance of automatic market -forming pools. It is considered that this step provides a significant improvement in compliance with regulatory requirements.
According to market data, XRP’s daily transaction volume decreased by 41 percent to 13.11 billion dollars, while the futures and liquidation movements have increased in the futures market. This reflects that a cautious approach is adopted among investors.
Recently, Ripple’s release of 500 million XRP shows that investor interest on crypto assets has increased. According to the investment reports, 105 million dollars of entrance to XRP since the beginning of the year, while last week, $ 15 million interest was observed. Spot XRP ETF activities of corporate investors continue to support the curiosity of digital assets.
According to general evaluations, short -term effects of network outage could be alleviated by the rapid intervention and recovery process of the system. Market data and corporate moves show that investors continue their cautious approach to digital assets. In the light of these developments, investors may be useful to closely monitor the long -term effects of network performance improvements and technical regulations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
