XRP Network Activity Surges Amidst Security Concerns

XRP has recently experienced a notable surge in network activity, with active addresses growing by over 67% in just ten days, according to Glassnode data. Despite this increased activity, the price of XRP has remained stable around $2.10. Meanwhile, a critical security vulnerability has been discovered in the XRPL JavaScript library, potentially impacting versions v4.2.1-4.2.4 and v2.14.2. This article delves into these developments and their implications for XRP’s future.

XRP Network Activity Surges, Price Remains Stable

XRP saw a significant increase in network activity with over 67% growth in active addresses from 27,352 to 40,366 in ten days, according to Glassnode data. This rise occurred while the price of XRP hovered around $2.10. Traders and analysts observed this shift as a bullish chart pattern started to form.

XRPL JavaScript Library Vulnerability Discovered

A security vulnerability in the XRPL JavaScript library (versions v4.2.1-4.2.4 and v2.14.2) could potentially steal private keys. Researchers found a backdoor posing a catastrophic supply chain risk. The XRP Ledger Foundation has released a patched version v4.2.5 and removed the compromised versions. Despite this, the CORE Ledger boasts over 2.8 billion secure transactions and growing institutional adoption.

XRP Predicted to Hit $33–$50 by Research Platform

Sistine Research, an independent investment analysis platform, predicts that XRP could reach a price between $33 and $50, labeling this target as ’conservative’. The prediction comes as XRP surged 7.97% to $2.26 following Bitcoin’s rise above $93,000. Historical patterns suggest an even higher potential surge for XRP, potentially hitting $77–$100.

XRP Rallies on Coinbase Futures Debut and ETF Buzz, Yeti Ouro Nears Major Presale Milestone

XRP is experiencing a surge in strength due to the introduction of regulated XRP futures contracts on Coinbase Derivatives. Additionally, there is buzz around a potential ETF. Meanwhile, Yeti Ouro (YETIO) is nearing an important milestone with Stage 4 of its presale launching tomorrow. Investors are eagerly awaiting the price hike associated with this stage.