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XRP's Price Jumps 8% as Asset Managers Prepare for Upgrade

Guavy AI Editorial Team
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XRP
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XRP's price surged by 8% after Ripple announced that asset managers and commercial projects are preparing to use the upcoming XRP Ledger payments upgrade, Batch V1.1.

The upgrade will allow up to eight transactions to be bundled into a single operation, improving efficiency for certain use cases such as delivery-versus-payment.

RippleX head of engineering Ayo Akinyele stated that asset managers are preparing to use the feature once it is live and that Ripple will share more information after the activation.

The upgrade has received support from 30 out of 35 tracked validators and is expected to activate after September 29, if support remains above 80%.

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