XRP News Today: Ripple CTO Builds Custom XRPL Monitoring Tool Amid 7,676% XRP Liquidation Imbalance

Ripple’s chief technology officer, David Schwartz, has begun development of a custom monitoring tool for the XRP Ledger (XRPL) to enhance network performance and decentralization [1]. This initiative comes amid a period of volatility for XRP, which has faced a significant liquidation imbalance of 7,676%, reflecting a sharp disparity between long and short positions during the recent August crypto market rally [1]. The imbalance has led to over $2.61 million in long positions being liquidated, highlighting a concerning trend in market exposure and sentiment [1].

The new monitoring tool is designed to track server activity and improve transparency in the XRPL. Schwartz’s project will utilize a high-performance server configuration, including a 9950X processor, 256 GB of RAM, and a 10 Gbps unmetered link, to efficiently manage multiple server connections [1]. This tool is intended to support existing performance-tracking platforms such as rrdtool and Cacti [1]. By enhancing the network’s decentralization and performance monitoring capabilities, the tool could play a key role in supporting the long-term stability and scalability of the XRP Ledger.

Meanwhile, the recent surge in outflows from Shiba Inu (SHIB) large holders has raised questions, with a reported increase of +12,887%. However, experts suggest this spike may not indicate panic selling but rather a mathematical artifact caused by a very low base value in prior outflows [1]. For instance, if the initial outflow was 10 million SHIB and rose to 1.3 billion in a single day, the percentage increase appears dramatic but does not necessarily signal a significant shift in investor behavior [1].

These developments underscore the complex dynamics of the cryptocurrency market, where technical improvements and structural imbalances often coincide with rapid price movements and investor sentiment shifts. While Ripple’s proactive approach to network monitoring signals a commitment to transparency and performance, the recent liquidation challenges for XRP highlight the volatility that remains a defining characteristic of the sector [1].

Source: [1] [Ripple’s CTO Develops Custom XRPL Monitoring Tool Amidst XRP’s August Rally Challenges](https://en.coinotag.com/ripples-cto-develops-custom-xrpl-monitoring-tool-amidst-xrps-august-rally-challenges/)