XRP spikes as Ripple nears activation of eight-transaction XRPL upgrade

  • XRP Ledger prepared Batch V1.1 to package eight transactions under coordinated execution rules.
  • Thirty of 35 tracked validators supported Batch V1.1, or 85.7%, above the required threshold.
  • Batch V1.0 was withdrawn after a vulnerability was found before mainnet activation.

XRP surged more than 8% over three days after whales accumulated approximately 1.54 billion tokens valued at $2.2 billion. The buying activity came as the XRP Ledger approached activation of Batch V1.1, an amendment that can package up to eight transactions into one operation and apply four execution modes: All or Nothing, Only One, Until Failure and Independent. Its all-or-nothing mode could support atomic delivery-versus-payment settlement for tokenized securities, payments, fees and swaps, reducing the risk that one side of a linked transaction settles without the other. RippleX said asset managers and other commercial projects were preparing products around the feature, although their names have not been disclosed. Support stood at 30 of 35 tracked validators, or 85.7%, above the required 80% threshold for two consecutive weeks; the countdown began Sept. 15 and activation was expected shortly after Sept. 29 if support held. The upgrade follows the withdrawal of Batch V1.0 after a critical signature-validation vulnerability was found before mainnet activation, with no user funds exposed. XRP also became the most traded cryptocurrency on South Korea's Upbit, while traders watched $1.50 as a key level after roughly 230 days below it.

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