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.
A “drift” means that while the consensus protocol ran, validations weren’t published. At least one validator operator reset the consensus to a validated ledger state. However, Ripple‘s CTO David Schwarz noted the network seemed to resolve the issue on its own.
🚨 #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.”No assets or transactions were lost.Read more:… pic.twitter.com/6VIA27MHsl
— Unlock Blockchain (@unlockbc) February 5, 2025
Schwarz Highlights Risk of Silent Network
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 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
— SaLiCryp (@SaLiCryp) January 28, 2025
Ripple Donates $100,000, Expands DeFi, Defends XRP Ledger
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 future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282
— Ripple (@Ripple) January 7, 2025
Ripple has further expanded into decentralized finance (DeFi) through a partnership with Chainlink, integrating its RLUSD stablecoin with DeFi applications on the Ethereum blockchain for trading and lending.
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.
This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More
You might also be interested in reading Pro-XRP Lawyer Shares Opinion PEPE Explosion, What Did He Say?.