Key Insights:
- XRP price faces a key 100 EMA test as EGRAG Crypto watches for a breakout confirmation.
- Former Ripple CTO David Schwartz says recent XRP Ledger disruptions had no real impact on the network.
- XRP appears in the Federal Register alongside Bitcoin, Ether, and Solana as a qualifying digital commodity.
XRP price remains in focus as Ripple coin faces a fresh test after a Federal Register notice listed XRP alongside Bitcoin, Ether, and Solana as a qualifying digital commodity. Meanwhile, former Ripple CTO David Schwartz addressed recent XRP Ledger network concerns raised by users about minor disruptions.
Ripple CTO Says XRP Ledger Issues Had No Real Impact
Former Ripple CTO David Schwartz has pushed back against concerns about recent disruptions affecting the XRP Ledger. He said the issues were minor and did not point to a problem specific to the network.
Schwartz said his hub experienced two events over the past two days in which the number of peers connected to it dropped, while some latency levels increased. He explained that his investigation suggested the incidents were linked to minor network disruptions rather than an XRP Ledger-specific issue.
The former Ripple executive also provided figures that showed the limited scale of the incidents. According to Schwartz, median round-trip application-level latency increased by less than 20% at its worst. At the same time, about 80% of peer connections were completely unaffected.
As a result, Schwartz said the incidents had no real effect and did not matter from an operational standpoint. His main concern appeared to be the appearance of the monitoring charts rather than any serious threat to the XRP Ledger.
The comments come as XRP remains under close market scrutiny. Concerns about network performance can quickly affect sentiment around a cryptocurrency, particularly when traders are already watching the XRP price for signs of a larger move.
XRP Enters Federal Register Alongside Bitcoin, Ethereum, and Solana
Meanwhile, XRP has received another notable mention in the Federal Register. A public document discusses proposed changes involving Commodity-Based Trust Shares and digital commodities.
The notice specifically includes XRP alongside Bitcoin, Ethereum, and Solana in an example of digital commodities that could qualify under the proposed framework. The document also discusses a proposed change that would allow certain Commodity-Based Trust Shares to hold up to 15% of their net asset value in digital commodities.
The Federal Register text explains that the proposed definition of “digital commodity” is intended to cover assets that meet the stated requirements. XRP is highlighted among the examples alongside other major crypto assets.
Notably, this gives XRP another point of attention beyond its regular market activity. The mention does not mean that XRP has suddenly reached a new market price level. However, it places the Ripple coin in the same discussion as Bitcoin, Ethereum, and Solana.
XRP Price Faces a Key Technical Test
While regulatory developments and the XRP Ledger update provide fresh talking points, the XRP price is also facing an important technical test, according to crypto analyst EGRAG Crypto.
EGRAG identified the 100 EMA on a three-day chart as the main decision line for XRP. He pointed to the role the indicator played during the previous market cycle, when XRP reclaimed it, stayed above it, retested the level, and then bounced.
For the current XRP price setup, EGRAG said simply touching the 100 EMA would not be enough. He wants to see a three-day close above the indicator, several candles holding above it, followed by a retest and bounce.
According to his analysis, such a move would suggest that the market bottom is likely behind XRP. Until that happens, he remains open to the possibility of another broader decline.
EGRAG placed the $0.95 to $1.00 area as a possible final macro dip, while $1.38 to $1.40 represents the current reaction zone. He also marked $2.27 as the next reclaim level and $3.85 as the macro breakout zone.
For Ripple Coin, the 100 EMA therefore remains the main level to watch in this setup. A successful reclaim and retest could strengthen the bullish case, while failure below it could leave room for another decline.
