XRP Price Predicted to Soar Over 1000% Amid Ongoing Ledger Development

Analyst EGRAG Crypto is predicting that XRP's price could surge over 1000% if past cycle gains repeat. This prediction is based on three earlier cycles, where XRP saw gains of 2,405%, 1,002%, and 1,250%. The analyst calculated an arithmetic average of about 1,552% and a geometric mean of around 1,444%. While this does not guarantee another rally of the same size, it's clear that the current XRP price prediction is drawing attention.

Additionally, recent research has highlighted the potential uses of the XRP Ledger beyond payments. The Bank for International Settlements (BIS) has been working on a proof-of-concept to make official statistics easier to verify using blockchain anchoring and the XRP Ledger. This project combines existing SDMx workflows with blockchain technology and aims to connect them with a blockchain layer while keeping current workflows usable.

Meanwhile, the XRP Ledger is seeing continued protocol work, with 103 amendments currently active or pending. The top amendment, fixCleanup3_3_0, had support from 30 of 35 validators and was shown as activating with four days remaining in its activation period.