Crypto Intelligence Firm shared the key features of XRPL today by CoinEdition

by Arthur · April 2, 2023

Messari tweeted 3 of the features included in XRPL’s feature set this morning.
Features include IOUs and Authorized Trust Lines.
In related news, the price of XRP has posted a 24-hour gain according to CoinMarketCap.

Messari (@MessariCrypto) tweeted this morning regarding XRP Ledger’s feature set. According to the tweet, XRP includes Ledger’s (XRPL) issued currencies (IOUs), which create multi-asset functionality.

Another feature of the kit is Authorized Trust Lines. This feature allows issuers to choose which wallets can interact with their tokens, Messari’s tweet added. Finally, there is also a central limit order book in the feature set that supports IOUs with low liquidity.

CoinMarketCap’s Trend List (Source: CoinMarketCap)

At press time, the price of Ripple (XRP) is up 0.14% in the last 24 hours according to CoinMarketCap. The remittance token has also entered CoinMarketCap’s trending list, currently occupying the number 2 position.

XRP’s 24-hour gain has added to the positive weekly performance – taking XRP’s total gain over the past 7 days to approximately 13.02% at press time. As a result, XRP’s price stands at $0.5151 at press time.

XRP was also able to rally against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 0.16% and 0.53% respectively.

The altcoin has also had a comfortable month, with gains of 40+% over the past 30 days. The main contributing factor to the remittance token’s outstanding price performance is the recent positive positioning of Ripple Labs in its long-running lawsuit with the Security and Exchange Commission (SEC).

Many XRP traders and investors are sure that this lawsuit will end very soon and will see Ripple Labs the winners. Should this happen, it will not only be a win for Ripple Labs and their native token, XRP, but also provide a much-needed boost to the broader crypto market in this latest crypto winter.

Disclaimer: The views and opinions, as well as all information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.

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