{"id":557630,"date":"2023-10-26T09:45:50","date_gmt":"2023-10-26T09:45:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=557630"},"modified":"2024-06-11T07:41:55","modified_gmt":"2024-06-11T07:41:55","slug":"3-xrp-developments-boost-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/3-xrp-developments-boost-price\/","title":{"rendered":"Top 3 XRP Developments You Should Be Aware Of That Could Boost Price"},"content":{"rendered":"<p><span style=\"font-weight: 400\">XRP<\/span><span style=\"font-weight: 400\"> is currently up over 14% in the last seven days, and some might argue that <a href=\"https:\/\/bitcoinist.com\/ripple-clo-positioning-xrp-us\/\" rel=\"nofollow\">the altcoin<\/a> is simply enjoying the euphoria of a <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bloomberg-spot-bitcoin-etf\/\"><span style=\"font-weight: 400\">possible Spot Bitcoin ETF approval<\/span><\/a><span style=\"font-weight: 400\">, which has seen the crypto market resurge. However, there are other developments that the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-community-abuzz-musk-x-post\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP community<\/span><\/a><span style=\"font-weight: 400\"> might need to be aware of, as they could cause the crypto token to continue to rally.\u00a0<\/span><\/p>\n<h2>Ripple To See More Liquidity With Latest Collaboration<\/h2>\n<p><span style=\"font-weight: 400\">Blockchain company Ripple recently <\/span><a href=\"https:\/\/ripple.com\/ripple-press\/ripple-forges-new-partnership-with-uphold-to-enhance-underlying-crypto-liquidity-infrastructure\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that it had partnered with Web3 financial platform Uphold. As part of the partnership agreement, Uphold is expected to provide Ripple with \u201cenhanced crypto liquidity capabilities\u201d to help facilitate transactions on its cross-border payments infrastructure more efficiently.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/matic-analysis\/analyst-matic-price-1-5\/\">A Chance At Redemption: Analyst Puts MATIC Price At $1.5<\/a><\/div>\n<p><span style=\"font-weight: 400\">The news is significant for the XRP community because Ripple uses XRP as a utility token to help process these <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-over-bitcoin\/#:~:text=The%20report%20attributed%20Japan's%20fondness,one%20of%20Ripple's%20early%20partners.\"><span style=\"font-weight: 400\">cross-border transactions<\/span><\/a><span style=\"font-weight: 400\">. As such, \u201cenhanced crypto liquidity\u201d will generally translate to more <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-july-2023-liquidity-up-50\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">liquidity in the XRP ecosystem<\/span><\/a><span style=\"font-weight: 400\">, which could ultimately cause a further surge in the token\u2019s price.\u00a0\u00a0<\/span><\/p>\n<h2>Xumm Wallet Records Milestone<\/h2>\n<p><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-ledger-developer-xumm-reveals-infrastructure-overhaul-more-than-an-upgrade\/\"><span style=\"font-weight: 400\">XRP-based wallet Xumm<\/span><\/a><span style=\"font-weight: 400\"> announced in a post on its X (formerly Twitter) platform that it had crossed 600,000 active users in the past three months. The wallet happens to be one of the notable ones on the <\/span><a href=\"https:\/\/bitcoinist.com\/xrpl-capability-to-handle-293-million-trxs\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP Ledger<\/span><\/a><span style=\"font-weight: 400\">, as it also announced plans to introduce new functionalities that could see the number of its active users increase exponentially.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the post, Xumm mentioned that its wallet is set to become 10x more retail-friendly with the redesign they are working on. It also plans to <\/span><a href=\"https:\/\/bitcoinist.com\/future-of-xrp-ledger\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">integrate AMM<\/span><\/a><span style=\"font-weight: 400\"> and more DEX activity, which would see the wallet become 10x better. It is believed that the wallet plans to complete this integration once the AMM goes <\/span><a href=\"https:\/\/uniquehot.com\/news\/when-are-amms-coming-to-xrp-ledger-ripple-cto-gives-clear-answer\/\"><span style=\"font-weight: 400\">live on the XRP Ledger<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the wallet\u2019s use cases will also increase as Xumm plans to incorporate XRP\u2019s <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-ledger-ripple-cto\/#:~:text=The%20Dilemma%20Of%20Distributing%20Tokens%20On%20XRP%20Ledger%3A%20Ripple%20CTO%20Chimes%20In,-by%20Scott%20Matherson&amp;text=Xahau%2C%20a%20new%20smart%20contract,an%20amendment%20to%20XRPL's%20mainnet.\" rel=\"nofollow\"><span style=\"font-weight: 400\">sidechain Xahua<\/span><\/a><span style=\"font-weight: 400\"> and its \u2018Hooks\u2019 feature. These developments are bullish for XRP as they will undoubtedly increase the token\u2019s utility.\u00a0<\/span><\/p>\n<h3>NFTs Are Coming To XRP Ledger<\/h3>\n<p><span style=\"font-weight: 400\">Ripple had <\/span><a href=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-eyes-tokenized-assets-sector\/\"><span style=\"font-weight: 400\">reportedly<\/span><\/a><span style=\"font-weight: 400\"> been working on tools and services to accommodate tokenized assets and facilitate trading of these assets on the XRP Ledger. The company\u2019s efforts seem to be already paying dividends, as SBI Holdings <\/span><a href=\"https:\/\/news.yahoo.co.jp\/articles\/511223aafba7357d2078b17d41ac4bdf9012cdcc\" rel=\"nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> plans to issue its NFT service &#8220;EXPO2025 Digital Wallet NFT,\u201d also known as \u2018Myakoon\u2019 on the XRP Ledger.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-whale-to-end-eth-rally\/\">Massive Ethereum Whale Transfer Threatens To End ETH Rally, Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">It is believed that this development could open the door for other NFT issuers to launch their NFTs on the network. This is also more significant because of how the tokenized market is projected to grow massively <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-is-the-coin-to-hold\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">to $13.6 billion by 2027<\/span><\/a><span style=\"font-weight: 400\">. As such, XRP has the potential to be at the heart of the market when this happens.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"https:\/\/www.tradingview.com\/x\/1XAw80rp\/\" alt=\"XRP price chart from Tradingview.com\" width=\"2650\" height=\"1758\"><\/p>\n<pre style=\"text-align: center\">Token price sitting at $0.56 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from CoinDesk, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP is currently up over 14% in the last seven days, and some might argue that the altcoin is simply enjoying the euphoria of a possible Spot Bitcoin ETF approval, which has seen the crypto market resurge. However, there are other developments that the XRP community might need to be aware of, as they could cause the crypto token to continue to rally.\u00a0 Ripple To See More Liquidity With Latest Collaboration Blockchain company Ripple recently announced that it had partnered with Web3 financial platform Uphold. As part of the partnership agreement, Uphold is expected to provide Ripple with \u201cenhanced crypto liquidity capabilities\u201d to help facilitate transactions on its cross-border payments infrastructure more efficiently.\u00a0 Related Reading: A Chance At Redemption: Analyst Puts MATIC Price At $1.5 The news is significant for the XRP community because Ripple uses XRP as a utility token to help process these cross-border transactions. As such, \u201cenhanced crypto liquidity\u201d will generally translate to more liquidity in the XRP ecosystem, which could ultimately cause a further surge in the token\u2019s price.\u00a0\u00a0 Xumm Wallet Records Milestone XRP-based wallet Xumm announced in a post on its X (formerly Twitter) platform that it had crossed 600,000 active users in the past three months. The wallet happens to be one of the notable ones on the XRP Ledger, as it also announced plans to introduce new functionalities that could see the number of its active users increase exponentially.\u00a0 In the post, Xumm mentioned that its wallet is set to become 10x more retail-friendly with the redesign they are working on. It also plans to integrate AMM and more DEX activity, which would see the wallet become 10x better. It is believed that the wallet plans to complete this integration once the AMM goes live on the XRP Ledger.\u00a0 Meanwhile, the wallet\u2019s use cases will also increase as Xumm plans to incorporate XRP\u2019s sidechain Xahua and its \u2018Hooks\u2019 feature. These developments are bullish for XRP as they will undoubtedly increase the token\u2019s utility.\u00a0 NFTs Are Coming To XRP Ledger Ripple had reportedly been working on tools and services to accommodate tokenized assets and facilitate trading of these assets on the XRP Ledger. The company\u2019s efforts seem to be already paying dividends, as SBI Holdings announced plans to issue its NFT service &#8220;EXPO2025 Digital Wallet NFT,\u201d also known as \u2018Myakoon\u2019 on the XRP Ledger. Related Reading: Massive Ethereum Whale Transfer Threatens To End ETH Rally, Here\u2019s Why It is believed that this development could open the door for other NFT issuers to launch their NFTs on the network. This is also more significant because of how the tokenized market is projected to grow massively to $13.6 billion by 2027. As such, XRP has the potential to be at the heart of the market when this happens.\u00a0 &nbsp; Token price sitting at $0.56 | Source: XRPUSD on Tradingview.com Featured image from CoinDesk, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":557635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[82423,3680,17209,4531,84758,83637,13172,10972,78763],"class_list":["post-557630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-nfts","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-ledger","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Top 3 XRP Developments You Should Be Aware Of That Could Boost Price<\/title>\n<meta name=\"description\" content=\"XRP is currently up over 14% in the 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Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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