The XRP Ledger is nearing 100 million ledgers, a historic milestone for the network, which launched in mid-2012. XRP Ledger dUNL validator Vet highlighted this fact in a recent tweet.
According to xrpscan data, the current number of ledgers is 99,490,488, with 509,512 remaining for the XRP Ledger to reach the historic 100 million ledger milestone.
Good morning everyone, especially those who over the years have made it possible for us to quickly close the 100 million ledger mark for XRPL. pic.twitter.com/fwrMUd3lMC
— Veterinarian🏴☠️ (@Vet_X0) October 13,
The XRP Ledger was first launched in June 2012, but its initial development began in 2011 by the trio of David Schwartz, Jed McCaleb, and Arthur Britto. They were fascinated by Bitcoin and sought to build a distributed ledger that improved upon its fundamental limitations, with the goal of creating a digital asset that was more sustainable and purpose-built for payments.
This vision gave birth to XRP, which is currently the fifth largest cryptocurrency by market capitalization, according to CoinMarketCap data.
XRP, XRP Ledger, and Ripple USD (RLUSD) passed the market stress test following a crash that resulted in more than $19 billion in liquidations over the weekend. Although XRP rebounded, RLUSD remained pegged to $1.
XRP price rebounds
XRP regained losses after Friday's crash from $2.83 to $1.77, rebounding from a 41% plunge to reach $2.64 early Monday.
XRP has rebounded significantly and has now regained a market value of $157.11 billion after the weekend's tariff-driven crash.
Buyers snapped up Friday's drop of $1.77, pushing the price up to $2.64 for the third day in a row. At the time of writing, XRP was up 9.24% in the past 24 hours to $2.62, but was down 12.87% for the week. It is good to see that XRP is currently trading above the daily moving average of 200 at $2.57. It will be interesting to see whether XRP breaks above that level and sustains the $2.89 (daily MA 50) and $3 target levels in the coming sessions.
