– Ripple, the company behind the altcoin XRP, is currently experiencing a period of severe turbulence. While the XRP Ledger (XRPL) suffered an unexpected collapse this week, the Ripple team is trying to contain the damage and regain market confidence.
CTO David Schwartz admitted that the cause of the technical glitch is still unclear, a warning sign for a blockchain that positions itself as an alternative for international payments. However, three factors could change this trajectory: the debunking of a rumor about inflation in XRP, a strategic partnership with Japanese banks and an optimistic technical signal that could boost the price of the coin.
Ripple Fever: XRP Heads to $22.40 on New SBI Deal and Golden Cross
Investing.com – Ripple, the company behind the altcoin XRP, is in a period of intense turmoil. As the XRP Ledger (XRPL) suffered an unexpected collapse this week, the Ripple team is trying to contain the damage and regain market confidence.
CTO David Schwartz admitted that the cause of the technical glitch is still unclear, a warning sign for a blockchain that positions itself as an alternative for international payments. However, three factors could change this trajectory: the debunking of a rumor about inflation in XRP, a strategic partnership with Japanese banks and an optimistic technical signal that could boost the price of the coin.
The XRP Ledger outage took the community by surprise. On Tuesday, the network abruptly stopped processing transactions, creating an hour of uncertainty as validators disconnected.
Schwartz suggested the network may have spontaneously recovered, a vague statement that fueled criticism from Bitcoin maximalists. “Luckily, banks don’t use XRP. Otherwise, the financial system would be on fire,” joked one user on X (Twitter).
Ripple's CTO, however, hit back at the provocations, recalling that Bitcoin itself faced an eight-hour blackout in 2010, without this compromising its credibility.
Myth debunked: Can Ripple create unlimited XRP?
The debate over XRP issuance has gained momentum again after Bitcoin maximalist Pierre Rochard stated on January 26, 2025, that Ripple could deactivate the 100 billion XRP limit and create trillions of new units.
The claim caused quite a stir but was promptly refuted by XRPL validators. Developer Vet debunked the theory, explaining that the 100 billion token limit has been fixed in the code since 2012 and cannot be changed even by Ripple.
Furthermore, each transaction on XRPL consumes a small fraction of XRP, meaning the supply of the cryptocurrency is actually decreasing over time.
