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XRP Rebounds to $2 With 4% Hourly Surge: Details
Ripple’s flagship token, XRP, has made a surprising comeback, rebounding back up to the $2 mark with an impressive hourly surge of 4%. This sudden upward trajectory has left many in the cryptocurrency community taken aback.
XRP’s recent price action is nothing short of remarkable. The token had been trading at a relatively low level for some time, and it seems that this sharp rebound may be indicative of a shift in sentiment or potentially new developments within the Ripple ecosystem.
In related news, Ripple CTO David Schwartz has provided an update on XRP Ledger’s programmability proposal. As you may know, Ripple announced earlier in the year that they would bring programmability to the XRP Ledger in 2025. It appears that significant progress is being made on this front.
According to a tweet from software developer Mayukha Vadari, who works at Ripple, the discovery phase of the proposal is nearing its conclusion. It seems that various smart contract systems are being researched and evaluated, including Hooks, EVM, MoveVM, Soroban, and more.
While this news may not have directly contributed to XRP’s sudden surge, it could certainly be seen as a positive sign for the cryptocurrency in the long run.
Source: u.today
