Quick overview

Live XRP/USD Chart

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XRP struggled to maintain the $3.2 support line amid favourable fundamentals around Ripple.

Ripple reached a major landmark with a recent US patent for trust-based, instant cross-border payments that don’t need full network confirmation.

The newly granted patent 11,998,003 outlines a real-time payment method that doesn’t require the entire network to reach consensus before completing a transaction. Instead, the system uses pre-established relationships and trusted nodes to verify and finalize transactions almost instantly.

This approach greatly reduces settlement times, lowers costs, and enhances the scalability of Ripple’s payment infrastructure. Typically, blockchain-based payments work on multiple validators to confirm transactions, which improves security but can cause delays, especially in high-volume or cross-border cases.

Ripple’s patented system offers an alternative by allowing transactions to be completed without full network validation, provided they involve parties within a trusted network. This is especially beneficial for well-established payment processors or financial institutions.

Meanwhile, XRP is currently testing a possible double top formation, a bearish reversal pattern, near the $3.2 level. The asset experienced a strong rally from below $2.30 to above $3.50, but if it cannot break and hold above this level, a pullback could occur.

The declining volume during the recent rise indicates waning buying interest, while the Relative Strength Index (RSI) nearing 75 hints at potential overbought conditions. A validated double top would depend on a dip below the neckline between $3.00 and $3.10, which could push XRP toward support near $2.6