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Market strategists are closely watching the
cryptocurrency as it approaches key technical levels following a recent price rebound. XRP has traded near the $2.87 support level, with resistance forming above $3, according to recent market data. The asset’s price has rebounded after a six-day decline, rising 1.61% in the past 24 hours. On September 1, XRP fell to $2.69 before recovering to an intraday high of $2.88. Over the past year, XRP has surged 400% on CoinGecko, significantly outperforming and , which rose 88% and 73%, respectively, during the same period. Analysts suggest that a close above $3.077 could increase the likelihood of the coin testing the $3.40 level, with further potential movement toward $4, depending on broader market dynamics.The XRP Ledger (XRPL) is set to implement a major update with the activation of the Credentials amendment on September 4, 2025. This development, which went live at 3:51 a.m. UTC after receiving 28 of 35 validator votes, introduces on-chain tools for compliance checks, such as KYC and AML protocols. These tools enable the issuance, acceptance, and deletion of credentials on the ledger and are designed to enhance regulatory compliance without reliance on external systems. The amendment also added new transaction types—CredentialCreate, CredentialAccept, and CredentialDelete—and modified existing transaction types and fields. This update is a part of a broader effort to strengthen the compliance layer of the XRP Ledger.
In addition to the Credentials amendment, three smaller updates—fixAMMv1_3, fixEnforceNFTokenTrustlineV2, and fixPayChanCancelAfter—were activated recently, indicating a consistent pace of development on the XRP Ledger. These incremental improvements highlight the ongoing focus on network functionality and user experience.
Ripple’s RLUSD stablecoin has also re-entered the top 100 cryptocurrencies by market capitalization, trading near its $1 peg at $0.9998. The return of RLUSD to this ranking reflects growing institutional and retail interest in the Ripple ecosystem. A recent partnership between Nasdaq-listed
and Doppler Finance has launched a $30 million initiative focused on XRP yield programs for institutions, with the potential to expand to $200 million in the future. The initiative aims to reinvest returns into reserves, creating a sustainable cycle of growth and further solidifying the role of XRP in institutional finance.The South Korean XRP community, reported to hold about 20% of the circulating supply, has been identified as a key player in supporting institutional adoption. Executives involved in the initiative stated that it is designed to meet the growing demand from institutional investors and may eventually include RLUSD in its programs. This development marks one of the most significant institutional steps directly tied to XRP in recent months, underscoring the expanding use cases of Ripple’s network in financial products such as stablecoins, payments, and tokenization.
Market participants continue to monitor the interplay between the Credentials amendment, the adoption of RLUSD, and the outcomes of institutional initiatives to gauge their impact on XRP’s price trajectory. With the XRP Ledger undergoing continuous upgrades and the asset gaining traction in institutional circles, the cryptocurrency appears to be entering a phase of heightened strategic interest and potential performance. Analysts emphasize that while the technical outlook appears positive, the broader market environment will remain a critical factor in determining XRP’s next move.
Source:
[1] Ripple News: XRP Ledger Eyes Major Amendment ... (https://themarketperiodical.com/2025/09/04/ripple-news-xrp-ledger-eyes-major-amendment-rlusd-renters-top-100-as-xrp-price-nears-3/)

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