Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP XRP fell below the US$1.40 mark. Analysts said that if the monthly line closes above US$3.66, the target will be US$60.
On Thursday, XRP prices fell to about US$1.35, a drop of 3.24%, and fell below the much-watched US$1.40 support level. This move puts the token into a critical range, with traders looking to the potential risk of falling to $1.30 if the $1.40 support fails; and any hope of a rebound depends on whether the price can regain its footing at $1.40.
Analysis of Key Support and Resistance Levels
Short-term price trends are mainly concentrated between US$1.30 and US$1.50, of which US$1.40 is a key point for both long and short sides. If it can rebound above $1.40, it will pave the way for further gains to $1.45 and $1.50; conversely, if the decline continues, selling pressure may intensify.
Market participants are still closely watching upcoming U.S. inflation data, which may affect broader cryptocurrency sentiment and, in turn, the trajectory of XRP.
Analyst Ali Martinez emphasizes long-term vision
Analyst Ali Martinez highlighted the long-term market scenario, believing that if the monthly XRP price closes above $3.66, it could open a move towards $60. This means XRP needs to rise nearly 170% to reach $3.66, and another nearly 4,000% to meet analysts 'price targets.
Ali Martinez pointed out that if the XRP records a monthly close above $3.66, it will become a "catalyst to achieve the $60 target", thus breaking the pattern of multiple failed breakthroughs in history.
Ripple CTO discusses the future prospects of XRP
Ripple CTO David Schwartz talked about the prospects of XRP surpassing Bitcoin in total market capitalisation in a discussion with XRP Ledger verification node operator Vet. Schwartz said that this shift will not stem from a shrinking market value of Bitcoin, but requires XRP to grow at a faster rate.
Schwartz explained: "This will not happen through Bitcoin shrinking, but through XRP growing faster than Bitcoin."
Ripple is a San Francisco-based technology company that focuses on real-time full settlement systems and currency exchange software and is committed to driving the development and adoption of XRP Ledger.
Schwartz attributed XRP Ledger's trading speed and functional diversity to potential growth drivers, but he did not provide specific goals or timetables for such events might occur.
Micro Dictionary: XRP Ledger (XRPL)-A decentralized open-source blockchain designed to enable fast, low-cost transactions, leveraging its native asset XRP to facilitate payments and tokenization.
XRPL upgrade and loan agreement progress
In addition to price fluctuations, XRP Ledger is advancing an important software upgrade. Web version 3.4.0 will introduce Lending Protocol v1.1 to enhance the decentralized finance (DeFi) capabilities used by participants.
Currently, the Lending Protocol amendment is in the verifier voting stage, with a support rate of 31.43%. The agreement requires at least 80% support before being activated. The initiative aims to enable on-chain unsecured loans, funded by pooled funds in a single asset vault, and under-chain underwriting based on the XLS-66 technical specifications.
Micro Dictionary: XLS-66-A proposed standard for XRP Ledger decentralized lending agreements that defines the off-chain underwriting mechanism and process for unsecured loans.
The most recent code base update has been moved from version 3.4.0-b0 to 3.4.0-b1, which is the result of a merge request. However, these changes did not introduce new transaction types, amendments, or API methods.
Community interaction continues, and XRPL Operations has arranged an educational event, X Space, with representatives from the XRPL Foundation and RippleX as guests, scheduled to be held on September 11 at 1 p.m. Eastern Time to discuss upcoming improvements to loan agreements.
