Critical Ripple (XRP) Prediction, but it’s not what you think

Ripple recently announced a partnership with Archax, the first digital asset exchange regulated by the UK’s Financial Conduct Authority (FCA).

Now, RippleX, the company’s development arm, is making a critical prediction about the XRP Ledger.

Ripple Developers Seeing a ‘New Era’ for the XRP Ledger

In a recent update, RippleXDev, the development arm behind XRP Ledger (XRPL) detailed the importance of the collaboration between Ripple and Archax.

This collaboration is not only a milestone for Ripple and Archax, but a monumental development for builders, developers and users of the XRPL community.

The team further highlighted that it opens up many new opportunities for those looking to take advantage of the XRPL, “with financial institutions now able to represent their RWAs on the XRPL.”

In fact, RWA crypto projects have been taking a step forward in the industry, increasing in popularity in late 2023 and throughout 2024.

Some of the new features and possibilities facing XRP developers include:

Creation of new enhanced DeFi financial instruments that unites RWA with crypto

The post also outlined some of the key features of XRPL when it comes to tokenization:

With over 2.8 million transactions processed representing over $1 billion in value moved, and over 5 million active XRP wallet holders supported by a network of over 100 validators, XRPL continues proved as never before.

XRP price cannot be capitalized

Despite the above, the price of XRP has remained in limbo for the past few weeks, unable to make any definitive upward progress.

That said, the cryptocurrency is up 4.6% over the past 30 days and 12.6% over the past year, according to CoinGecko.

This comes as U.S. Judge Analisa Torres ruled partly for and partly against the company in August, reducing the SEC’s fines to $125 million from about $2 billion.

However, some experts are now anticipating an appeal on behalf of the Commission, which could be part of the reasons behind XRP’s suppressed PA.

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