- ECB trialed XRP Ledger code within a private permissioned network, testing tokenized bond issuance, settlement, and redemption mechanics.
- Axiology’s DLT Trading and Settlement System recorded delivery-versus-payment using escrow wallets and XRP payment transactions for bond operations.
ECB’s June report included a project built on XRP Ledger code inside its wholesale-DLT sandbox. However, the trial ran entirely within a private network.
Lithuanian fintech Axiology led the tests. It used a “private, permissioned infrastructure built using the open-source code of the XRP Ledger.” The ECB noted that Axiology’s system stands alone. It records trades, settlements, and custody of tokenized bonds without touching public validators.
The trial covered three steps: issuance, coupon payment, and redemption. First, the issuer’s node sent tokens to an escrow wallet via an XRP payment transaction. Then, an operator moved tokens from escrow to the investor’s wallet, finalizing delivery-versus-payment. Later, the process reversed: investors returned tokens to escrow, and operators burned them once funds returned to the issuer’s account.
Meanwhile, the Banque de France’s Trigger Solution handled central-bank euros. Thus, digital assets and cash legs ran side by side, and all transfers stayed inside closed ledgers.
Moreover, Axiology aimed to measure speed and reliability. It compared XRP-based code to systems built on Corda, Canton, and Ethereum variants. The ECB will use these findings to shape any future wholesale CBDC design.
In the end, Ripple’s technology proved usable in a sandbox. Yet public networks remain off-limits. For some, this marks a clear test. For others, the door to broader adoption stays firmly locked.
XRP (Ripple) is trading at $2.20, showing a +0.47% gain over the last 24 hours, continuing its consolidation above the $2.15 support zone. Weekly performance stands at +2.45%, confirming a modest but stable recovery pattern.
The market cap has reached $129.6 billion, placing XRP firmly as the #4 ranked cryptocurrency, and the 24-hour trading volume is $2.54 billion, indicating sustained interest among traders and institutions alike.
XRP has stabilized within a short-term ascending channel, with immediate support at $2.15 and resistance forming near $2.25. A clean breakout above $2.25 could open a path toward retesting $2.40, while a failure to hold $2.15 could risk a pullback toward $2.00–$2.05, where prior accumulation occurred in late May.
The Relative Strength Index (RSI) is trending near 50, suggesting neutral-to-bullish momentum. Meanwhile, XRP continues to trade well above its 50-day EMA, indicating that the macro trend remains intact despite short-term cooling.
XRP Derivatives Show Signs of Expansion
According to ETHNews, institutional interest in XRP derivatives has resumed, with open interest in XRP futures and options increasing by 12% week-over-week. This suggests that market participants are positioning for potential volatility and price movement ahead of expected updates from Ripple Labs regarding global partnerships.
XRP Surpasses Solana in Market Cap
ETHNews noted today that XRP has once again surpassed Solana (SOL) in market capitalization, reclaiming the #4 spot. This shift is attributed to XRP’s stronger institutional and banking integrations, versus Solana’s more retail- and NFT-focused ecosystem.
CoinGecko reports that 86% of users are currently bullish on XRP. However, whale wallets have continued to reduce exposure slightly, with a net outflow of approximately $72 million over the past week — likely due to short-term profit taking near the $2.20 resistance.
