DeFi

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Ripple recently announced a collaboration with Archax, the first digital asset exchange regulated by the UK’s Financial Conduct Authority (FCA).
Now, RippleX, the company’s development arm, is coming up with a critical prediction concerning the XRP Ledger.
<h2 id="ripple-devs-seeing-a-new-era-for-the-xrp-ledger">Ripple Devs Seeing a “New Era” for the XRP Ledger</h2>
In a recent <a href="https://medium.com/ripplexdev/ripple-and-archax-a-new-era-for-the-xrp-ledger-with-real-world-asset-tokenization-68921406100a" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">update</a>, RippleXDev, the development arm behind the XRP Ledger (XRPL) detailed the importance of the collaboration between Ripple and Archax.
<blockquote>
 This Collaboration is not just a milestone for Ripple and Archax but a monumental development for builders, developers, and users within the XRPL community.”
</blockquote>
The team further outlined that it unlocks a lot of new opportunities for those who want to build on the XRPL, “with financial institutions now able to tokenized their RWAs on the XRPL.”
Indeed, <a href="https://cryptopotato.com/best-rwa-cryptos/" data-wpel-link="internal" rel="noopener noreferrer nofollow">RWA crypto projects</a> have been making a stride in the industry, booming in popularity throughout late 2023 and the entirety of 2024.
Some of the new features and possibilities in front of XRP developers include:
<ul>
 <li>Creation of New Financial Instruments</li>
 <li>Enhanced DeFi</li>
 <li>Bridging RWAs with crypto</li>
</ul>
The post also outlined some of the key features of XRPL when it comes to tokenization:
<blockquote>
 With over 2.8B transactions processed representing over $1T in value moved, and over 5M active XRP wallet holders supported by a network of over 100 validators, XRPL remains as proven as ever before.
</blockquote>
<h2 id="xrp-price-unable-to-capitalize">XRP Price Unable to Capitalize</h2>
Despite the above, XRP’s price has been stuck in a limbo throughout the past few weeks, unable to make definitive progress to the upside.
That said, the cryptocurrency has increased by 4.6% in the past 30 days and by 12.6% in the last year, according to CoinGecko.
This comes as US Judge Analisa Torres <a href="https://cryptopotato.com/ripple-fined-125m-in-lawsuit-against-sec-xrp-price-soars-20-immediately/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ruled</a> partially in favor and partially against the company in August, discounting the SEC’s fines to $125 million from around $2 billion.
However, some experts are now anticipating an appeal on behalf of the Commission, which might be part of the reasons behind XRP’s suppressed PA.
The post <a href="https://cryptopotato.com/critical-ripple-xrp-prediction-but-its-not-what-you-think/" rel="noopener noreferrer nofollow">Critical Ripple (XRP) Prediction but It’s Not What You Think</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Critical Ripple (XRP) Prediction but It’s Not What You Think

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