- Ripple CTO reassures XRPL users amid unresolved network problems.
- The XRPL remained stable and secure despite an ongoing network issue.
- XRP’s price retraced on Tuesday after recovering from a significant dip.
Ripple CTO David Schwartz has reassured the XRP community that the recent glitch the XRPL network experienced did not and will not cause any asset loss. According to Schwartz, the pause in network operation only made ledgers untrustworthy for about one hour. In a recent post on X, the tech expert explained that the XRPL servers knew the network wasn’t working right, so they did not report any ledgers as trusted during the glitch.
After reassuring users of the security of their assets, Schwartz acknowledged he didn’t know what caused the issue. But, preliminary observations suggested the network was recovering from the fault and correcting itself. Schwartz stated that consensus on the XRPL network was running without publishing validations, causing the network to drift apart.
Meanwhile, validator operators intervened manually to choose a sensible starting point and begin publishing validations. That triggered the network to resume operations after observing several sources’ validations, enabling them to build enough consensus to pull the network over to a coordinated ledger stream after the last ledger the network validated.
Related: XRPL and Hooks Debate: David Schwartz Explains Ripple’s Stance
XRPL Network Glitch: What’s Next?
Later updates from Schwartz suggested the Ripple team could not identify the main issue that caused the XRPL network glitch, something many users consider a concerning development. Still, he highlighted the network’s security and stability, considering no ledgers that received majority validation during the glitch were lost or affected, nor did XRPL users lose their assets.
In the meantime, XRP’s price struggled to remain around the $2.5 support region after rebounding from Monday’s crypto market crash. Analysts are trying to figure out whether Tuesday’s decline after an impressive recovery was because of the ongoing socioeconomic events in the US, the technical issues with the XRPL network, or both.
Related: Is XRP on the Verge of a Major Breakout Against Bitcoin?
XRP traded for $2.502 at the time of writing, according to data from TradingView. Investors are watching developments around the cryptocurrency to know if the price will continue in the long-expected upward direction or experience more pullbacks in the short term.
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