XRPL Hits 2.8 Billion Flawless Transactions—Big Players Are Paying Attention
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Blockchain technology is receiving a boost with the XRP Ledger, based on recent findings from industry observers. The system has handled over 2.8 billion transactions without any security failure, which has caught the eye of financial institutions globally. Related Reading Institutions Are Taking Notice According to Jasmine Cooper, RippleX Head of Product, the effectiveness of XRPL is one of the major reasons institutional investors are drawn to it. Institutional asset issuers and investors are using XRPL more because of its speed and reliability. For example, OpenEden has recently hit milestones in tokenizing US Treasury bills on the platform. Institutional investors are purchasing these tokenized assets that desire access to on-chain financial instruments. BlackRock, the global asset management titan, is also making a push into asset tokenization, lining up with XRPL’s platform. Regulated exchanges like Archax are even listing tokenized assets created on the ledger, and it’s becoming more acceptable to mainstream financial institutions. XRP Ledger Adoption is Surging! Institutions, DeFi, Stablecoins, Tokenization Jasmine Cooper, Head of Product at RippleX, joined me to discuss the latest and the greatest with the XRP Ledger. 02:34 Jasmine’s background04:43 Real Estate on Blockchain06:18 RippleX overview… pic.twitter.com/HkC2ubbflA — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) March 23, 2025 Real Estate Gears Up For Blockchain XRPL is revolutionizing the way people buy and sell real estate by enabling tokenization. Firms such as Propy utilize it to facilitate automatic property sales, minimizing paperwork and accelerating transactions. This facilitates real estate trading and makes it more accessible. This change might have a huge effect on an industry that is normally sluggish and convoluted. Through blockchain, XRPL assists in making transactions easy yet secure and reliable. XRP market cap currently at $142 billion. Chart: TradingView.com DeFi Growing On XRPL DeFi on XRPL is gaining traction, owing to fresh technology such as the Automated Market Maker (AMM). The functionality allows traders to exchange assets and provide liquidity directly on the blockchain, eliminating the role of centralized exchanges. RippleX is also looking to simplify XRPL for developers. The firm is introducing an Ethereum Virtual Machine (EVM) sidechain that enables developers to create Ethereum-based smart contracts with the advantage of XRPL’s low-cost, high-speed transactions. This element is likely to have more DeFi projects hitting the ledger and improve its connectivity with other blockchain networks. Related Reading A New Stablecoin On The Horizon Ripple recently rolled out RLUSD, a new US dollar-backed stablecoin, on a small number of small crypto exchanges. The stablecoin will be applied in cross-border payments and liquidity. RippleX is said to be seeking regulatory approval to ensure that RLUSD meets the regulations, which could make it more appealing to institutional users. The stablecoin is positioned as an adjunct to XRP, already employed as an international bridge currency. If the RLUSD gains traction, adoption of the XRPL network is likely to further increase. Featured image from VOI, chart from TradingView
Crypto Pundit Reignites $100 XRP Price Target, What You Should Know
Este artículo también está disponible en español. Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target. Factors That Could Contribute To The $100 XRP Price Target In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the Ripple case from its website, which indicates that legal pressure is easing. The Commission’s agreement with Binance to pause their ongoing legal battle has also sparked optimism that the Ripple lawsuit could soon end. Related Reading Jikh then alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments. The analyst is confident that this move will cause adoption to skyrocket, which could contribute to the projected rally to $100. He noted that Japan’s banking system is huge, which makes this a big deal for the altcoin. Furthermore, the crypto pundit highlighted the potential approval of the XRP ETFs as another factor that could drive the XRP price to the $100 target. He noted how the Bitcoin price surged to new highs after the Bitcoin ETFs were approved, and Jikh believes something similar could happen. Another factor that the crypto analyst believes could contribute to the XRP price rally to $100 is the possibility of Ripple’s payment system replacing SWIFT. He highlighted how the global payment industry is worth trillions of dollars. As such, Ripple processing a huge chunk of these global payments could cause XRP’s utility and demand to skyrocket, ultimately impacting its price. Other Bullish Fundamentals For The Altcoin Meanwhile, Jikh also alluded to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP price rally to $100. He noted that the XRPL processes around 1,500 transactions, making it a potential option for tokenization plans, which is bullish for the asset. Related Reading If the XRPL becomes the go-to platform for tokenizing real-world assets such as stocks and bonds, this will help drive demand up and make the crypto more valuable. The RLUSD stablecoin is also bullish for XRP as its burn mechanism helps remove XRP from circulation as its utility grows. Jikh then alluded to the possibility of Ripple CEO Brad Garlinghouse being on the White House Crypto Advisory Council. This is especially bullish for the XRP price as Garlinghouse being on the Council could cement its place in the newly-created US sovereign wealth fund. At the time of writing, the asset’s price is trading at around $2.55, up over 4% in the last 24 hours, according to data from CoinMarketCap. XRP trading at $2.7 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com Source link