Ripple CTO explained that the issue likely stemmed from validators refusing to validate.
A manual reset was by one validator operator, but the issue was largely resolved by the network.
Is now XRP's turn to shine?
The XRP Ledger (XRPL) experienced a brief disruption in its
operations due to a consensus mechanism issue today (Wednesday). The network's
consensus process appeared to work, but validations were not being published,
causing the ledgers to "drift apart, Coindesk reported."
Meanwhile, the XRPUSD H1 chart has been trading within a
bearish equidistant channel. As of now, after its second bounce off the
channel's support, the price is heading towards the resistance.
Validators' Drift Disrupts XRP Ledger Operations
In the XRP Ledger, consensus is essential for updating the
ledger with new transactions. If validators cannot agree on which transactions
to include, the network halts.
🚨 #XRPLedger faced a rare disruption, halting #blockproduction for an hour before spontaneously recovering.#DavidSchwartz, CTO of #XRPL, said, “It looked like consensus was running, but validations were not being published.”
Schwarz explained that validators may have refused to send
validations due to potential issues with the network, preventing further
confusion. He highlighted the risk of a "silent network" failure,
where all validators could refuse to validate, blocking the network from
reconverging.
“One possible failure mode for XRPL is if all the validators
think something's wrong with the network, all refuse to send any validations,
and then there's no chatter to let the network reconverge. This is the 'silent
network' failure,” Schwarz added.
No assets were at risk during the downtime, and XRP prices
stayed in line with broader bitcoin and altcoin movements.
XRPUSD, H1 Chart, Source:TradingView
XRPUSD Moves Up After Bullish Reversal
The XRPUSD H1 chart indicates that the price has been
range-bound within a bearish equidistant channel. Following the last bounce and
the formation of a bullish reversal candle, the price has been moving upward.
However, the resistance of the channel provides limited space for buyers, which
may cause the price action to be somewhat sluggish.
DeepSeek AI has analyzed Ripple’s legal situation, the
adoption of its On-Demand Liquidity (ODL) platform, and market trends to
develop predictions. The
model estimates XRP could trade between $3.50 and $5.00 by the end of 2025,
with a 70% probability of a favorable legal outcome.
DeepSeek AI Predicts XRP’s Price by End of 2025: A Game-Changer for Crypto Investors? https://t.co/IqSwacNxGX
Ripple has recently been involved in several developments. The
company donated $100,000 in XRP to support communities affected by the
California wildfires, contributing to organizations like World Central Kitchen
and GiveDirectly through The Giving Block platform.
The company is also advancing in Japan, where expectations
suggest that banks
will adopt the XRP Ledger by 2025, according to SBI CEO Yoshitaka Kitao.
This initiative aims to improve cross-border payments and currency conversions
for remittances.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The debate surrounding XRP’s inclusion in a US crypto
reserve continues, with allegations of centralization complicating the issue.
In response, Ripple’s Schwartz, has
defended the decentralization of the XRP Ledger, highlighting its
resilience against manipulation.
The XRP Ledger (XRPL) experienced a brief disruption in its
operations due to a consensus mechanism issue today (Wednesday). The network's
consensus process appeared to work, but validations were not being published,
causing the ledgers to "drift apart, Coindesk reported."
Meanwhile, the XRPUSD H1 chart has been trading within a
bearish equidistant channel. As of now, after its second bounce off the
channel's support, the price is heading towards the resistance.
Validators' Drift Disrupts XRP Ledger Operations
In the XRP Ledger, consensus is essential for updating the
ledger with new transactions. If validators cannot agree on which transactions
to include, the network halts.
🚨 #XRPLedger faced a rare disruption, halting #blockproduction for an hour before spontaneously recovering.#DavidSchwartz, CTO of #XRPL, said, “It looked like consensus was running, but validations were not being published.”
Schwarz explained that validators may have refused to send
validations due to potential issues with the network, preventing further
confusion. He highlighted the risk of a "silent network" failure,
where all validators could refuse to validate, blocking the network from
reconverging.
“One possible failure mode for XRPL is if all the validators
think something's wrong with the network, all refuse to send any validations,
and then there's no chatter to let the network reconverge. This is the 'silent
network' failure,” Schwarz added.
No assets were at risk during the downtime, and XRP prices
stayed in line with broader bitcoin and altcoin movements.
XRPUSD, H1 Chart, Source:TradingView
XRPUSD Moves Up After Bullish Reversal
The XRPUSD H1 chart indicates that the price has been
range-bound within a bearish equidistant channel. Following the last bounce and
the formation of a bullish reversal candle, the price has been moving upward.
However, the resistance of the channel provides limited space for buyers, which
may cause the price action to be somewhat sluggish.
DeepSeek AI has analyzed Ripple’s legal situation, the
adoption of its On-Demand Liquidity (ODL) platform, and market trends to
develop predictions. The
model estimates XRP could trade between $3.50 and $5.00 by the end of 2025,
with a 70% probability of a favorable legal outcome.
DeepSeek AI Predicts XRP’s Price by End of 2025: A Game-Changer for Crypto Investors? https://t.co/IqSwacNxGX
Ripple has recently been involved in several developments. The
company donated $100,000 in XRP to support communities affected by the
California wildfires, contributing to organizations like World Central Kitchen
and GiveDirectly through The Giving Block platform.
The company is also advancing in Japan, where expectations
suggest that banks
will adopt the XRP Ledger by 2025, according to SBI CEO Yoshitaka Kitao.
This initiative aims to improve cross-border payments and currency conversions
for remittances.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The debate surrounding XRP’s inclusion in a US crypto
reserve continues, with allegations of centralization complicating the issue.
In response, Ripple’s Schwartz, has
defended the decentralization of the XRP Ledger, highlighting its
resilience against manipulation.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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