XRP price consolidation is still in progress with no signs of a directional bias. There was buy-side liquidity hunt in the beginning of August, after which XRP exploded 31% supported by the news of a $125 million lawsuit settlement with the SEC. Profit-taking and lack of bullish momentum triggered a retracement. Nevertheless, Ripple continues to build and expand, attending the Korea Blockchain Week 2024 (KBW) to showcase recent developments in the XRP Ledger (XRPL).
New Programmability to Boost XRP Price?
Ripple CEO Brad Garlinghouse revealed that the FinTech company is working on introducing a new programmability feature to the XRPL. This upgrade will integrate smart contracts into the blockchain, unlocking new features such as NFTs, Automated Market Makers, and decentralized exchanges (DEXs) on the network.
With new programmability in the works for the XRP Ledger (something the XRP community has rightly been asking for) and the growing opportunity for Ripple’s enterprise products
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