Crypto expert Cypress highlighted developments that XRP holders should pay attention to. The expert referred to Ripple Roadmap for Institutional DeFi on the XRP Ledger (XRPL), with the company noting that XRP is at the heart of all these plans.
Developments XRP Holders Should Focus On
In a MessageCypress said every holder should pay attention to the developments outlined by Ripple in its DeFi institutional roadmap. The expert highlighted features like native on-chain privacy, permissioned marketplaces, and institutional lending, which are expected to go live in the coming months. the XRP Ledger (XRPL).
Ripple noted that with these features, the XRP Ledger is not only positioning itself as a tokenization chain but as an end-to-end operating system for real-world finance. Meanwhile, Cypress highlighted Ripple’s statement on how the indirect impact they can focus their attention on lies in how XRP is used in base layer operations.
These operations include required reserves, transaction costs, which result in burn XRPand linking currencies in foreign exchange and lending flows. Ripple also mentioned that each feature, whether already present or upcoming, is not a silo but a building block of a “composable financial ecosystem,” which is linked by XRP.
Ripple said institutional DeFi is no longer theoretical, as XRPL provides the infrastructure these institutions need with programmable loans, privacy-preserving collateral, and regulated token markets.
The company added that XRP sits at the center of this infrastructure as a transactional asset and also as a utility-rich protocol token that ties things together. Ripple added how stablecoin FX, tokenized treasureson-chain lending and smart deposits all depend on the functionality of XRP.
Ripple Roadmap Strengthens Market Sentiment Toward XRP
Ripple’s institutional track record appears to have strengthened market sentiment towards XRP, with the token being one of the biggest gainers among major cryptocurrencies in terms of market capitalization. More specifically, this may have contributed to the increase in the number of whale trading during the recent decline, with 1,389 whale transactions of $100,000 or more, which is the highest in four months, according to Feeling.
Additionally, the number of unique addresses on XRPL soared to 78,727 in a single 8-hour candle, which is the highest in six months. This suggests bullish sentiment not only among whales but also among retail investors.
Meanwhile, Santiment noted that the increased accumulation of whales and increasing number of unique addresses are two major signals of a price reversal for any asset. As such, it is possible that the drop to $1.15 marked the low point for XRP.
At the time of writing, the price of XRP is trading at around $1.47, up 15% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
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