The XRP (XRP-USD) Ledger is leveling up. RippleX has released rippled version 2.4.0. This brings key changes aimed at boosting security, compliance, and overall network efficiency. According to RippleX, the upgrade includes new features like DynamicNFT (XLS-46). This allows for mutable NFTs that can have their metadata updated after issuance. But will these changes impact XRP’s price? Before anything goes live, the amendments still need 80% approval from validators over two consecutive weeks.
New Features Strengthen Compliance and Security
This update isn’t just about NFTs. The PermissionedDomains (XLS-80) amendment enhances compliance by restricting domain access within the XRP ecosystem. Another major change, DeepFreeze (XLS-77), allows issuers to freeze certain token transfers, a move that aligns with regulatory expectations. Meanwhile, fixFrozenLPTokenTransfer prevents liquidity pool (LP) tokens from being moved if one of the assets in the pool is frozen.
Beyond security and compliance, RippleX has fine-tuned the network’s performance. A new simulated API method lets developers test transactions before they go live, reducing costly errors. The update also fixes long-standing bugs, including issues with Windows and MacOS builds, as well as problems with inbound ledger acquisitions and transaction fees.
Could This Impact XRP’s Price?
XRP traders are watching to see how these changes will influence price action. Historically, major upgrades to the XRP Ledger have fueled speculation and increased trading volume. However, the bigger factor could be today’s White House Crypto Summit. President Trump just signed an executive order establishing the U.S. Strategic Bitcoin Reserve, but XRP didn’t make the cut. Instead, it was placed in the broader U.S. Digital Asset Stockpile, which lacks the same level of commitment.
While this signals some level of government acknowledgment, it doesn’t guarantee institutional buying pressure like Bitcoin might see. For now, XRP’s price direction could hinge on market reaction to both this upgrade and any policy signals coming out of Washington.
At the time of writing, XRP is sitting at $2.5030.
