Ripple Approves Key Amendments for XRP Ledger Upgrade
- Ripple has voted in favor of three amendments—ConfidentialTransfer, DynamicMPT, and BatchV1_1—for the XRP Ledger upgrade.
- The fixCleanup amendment is set for mainnet activation on September 11 at 11.15 AM ET after achieving over 80% consensus.
- BatchV1_1 (XLS-56) has garnered support from over 65% of UNL validators, with only one vote pending from Ripple and validators.
- XRP price surged more than 8% in the last day, trading around $1.45 with a high of $1.48.
- Spot XRP ETFs saw inflows of $6.14 million, led by Franklin Templeton’s XRPZ with $3.19 million.
- XRP futures open interest increased by over 9%, reaching $3.34 billion within the past day.
The approval of these amendments is crucial for the upcoming XRP Ledger upgrade, which aims to enhance network functionality and efficiency. The strong price movement and ETF inflows indicate heightened market interest in XRP as these developments unfold.
With XRP’s price rallying nearly 60% in a month and significant ETF inflows reported, the cryptocurrency is gaining traction among investors and traders alike.(Source)
