XRP Price Responds to Ex-Ripple CTO’s Ledger Disruption Denial

Key Insights:

• XRP price faces a key 100 EMA test as EGRAG Crypto watches for a breakout confirmation.
• Former Ripple CTO David Schwartz says recent XRP Ledger disruptions had no real impact on the network.
• XRP appears in the Federal Register alongside Bitcoin, ETH as its native asset.">Ether, and Solana as a qualifying digital commodity.

XRP price remains in focus as Ripple coin faces a fresh test after a Federal Register notice listed XRP alongside Bitcoin, ETH as its native asset.">Ether, and Solana as a qualifying digital commodity. Meanwhile, former Ripple CTO David Schwartz addressed recent XRP Ledger network concerns raised by users about minor disruptions.

Ripple CTO Says XRP Ledger Issues Had No Real Impact

Former Ripple CTO David Schwartz has pushed back against concerns regarding recent disruptions affecting the XRP Ledger. He stated that the issues were minor and did not point to a problem intrinsic to the network.

Schwartz noted that his hub encountered two instances over the preceding two days where the count of connected peers declined while certain latency metrics increased. He clarified that his analysis indicated the occurrences stemmed from minor network interruptions rather than any flaw exclusive to the XRP Ledger.

The former Ripple executive also shared metrics illustrating the modest scale of the incidents. According to Schwartz, median round-trip application-level latency rose by under 20% at its peak, and roughly 80% of peer connections experienced zero disruption.

Consequently, Schwartz concluded that the events carried no operational significance and were ultimately negligible. His primary observation appeared to concern the visual presentation of monitoring charts rather than any genuine threat to the XRP Ledger.

These remarks arrive while XRP draws intense market scrutiny. Perceptions of network performance can rapidly influence sentiment surrounding a cryptocurrency, especially when traders are actively monitoring the XRP price for indications of a major breakout.

XRP Enters Federal Register Alongside Bitcoin, Ethereum, and Solana

In addition, XRP has earned another prominent mention within the Federal Register. A public filing outlines proposed amendments concerning Commodity-Based Trust Shares and digital commodities.

The notice explicitly groups XRP with Bitcoin, ETH as its native asset.">Ethereum, and Solana as illustrative examples of digital commodities that could satisfy the proposed framework. Furthermore, the document reviews a proposed rule change that would empower certain Commodity-Based Trust Shares to allocate up to 15% of their net asset value into digital commodities.

The Federal Register text notes that the proposed definition of a “digital commodity” aims to encompass assets fulfilling specific criteria, highlighting XRP alongside other prominent crypto assets.

Significantly, this grants XRP an additional layer of visibility outside traditional market dynamics. While the mention does not instantly drive the Ripple coin to a new valuation, it firmly places the asset in the same policy conversation as Bitcoin, Ethereum, and Solana.

XRP Price Faces a Key Technical Test

While regulatory developments and the XRP Ledger update offer new discussion points, the XRP price confronts a critical technical milestone as highlighted by crypto analyst EGRAG Crypto.

EGRAG pointed to the 100 EMA on a three-day chart as the primary decision threshold for XRP. He drew attention to the function this indicator served in the prior market cycle, during which XRP reclaimed the level, held above it, retested it, and subsequently rebounded.

For the current XRP price trajectory, EGRAG emphasized that a simple touch of the 100 EMA is insufficient. He wants to witness a three-day close above the moving average, followed by multiple candles sustaining the position, a subsequent retest, and a solid bounce.

Based on his evaluation, such price action would signal that the market bottom is likely behind XRP. Until that criteria is met, he remains prepared for the possibility of a broader pullback.

EGRAG designated the $0.95 to $1.00 region as a potential final macro correction, while identifying $1.38 to $1.40 as the active reaction zone. He also highlighted $2.27 as the upcoming reclaim target and $3.85 as the macro breakout territory.

For the Ripple coin, the 100 EMA remains the definitive level to monitor in the current setup. A successful reclaim and retest could fortify the bullish outlook, whereas a breakdown could leave the door open for further losses.

Frequently Asked Questions

• Did the recent XRP Ledger disruptions harm the network? No, former Ripple CTO David Schwartz confirmed that the minor latency and peer connection issues had no real operational impact on the network.
• What is the significance of XRP in the Federal Register? XRP was listed alongside Bitcoin, Ether, and Solana as an example of a qualifying digital commodity within a proposed framework for Commodity-Based Trust Shares.
• What is the critical technical level for the XRP price right now? Analyst EGRAG Crypto points to the 100 EMA on the three-day chart as the key decision line for a potential market bottom and breakout confirmation.