Overview:
The XRP Ledger (XRPL) recently experienced a 64-minute network halt, causing concern among investors and briefly affecting $XRP price. Ripple CTO David Schwartz addressed the issue, explaining the cause and recovery process.
⚠️ What Caused the XRP Ledger Disruption?
📅 Date: February 4, 2025
⏳ Downtime Duration: 64 minutes
📉 Transactions Affected: 88,000+
✅ Network Status: Fully restored at 10:58 AM UTC
Ripple’s David Schwartz explained that the XRPL consensus mechanism worked correctly, but validators failed to publish their validations, causing the network to drift and stall.
🔍 Key Takeaways from the Incident:
✅ Consensus functioned correctly, but validators did not broadcast validations
✅ Manual intervention from validator operators restored operations
✅ No assets were lost during the outage
✅ Self-healing mechanisms may have helped the network recover
Schwartz mentioned that XRPL might have healed itself without external intervention, highlighting its decentralization and resilience.
🔄 XRP Network Recovery & Ripple’s Response
Ripple is still investigating the root cause, but only one validator manually intervened to restore the network.
💡 Why This Matters:
The event has sparked debates on XRP’s decentralization, with critics arguing that XRPL is no better than Ethereum, which has more than a million daily active validators.
📜 XRPL’s Past Issues:
📌 November 2024: Node crash
⚠️ September 2024: Full-history node failures
Despite this, Ripple remains confident that XRPL will bounce back stronger than ever.
📊 XRP Price Action After the Network Freeze
💰 Price Before Outage: $2.43
📈 Price After Recovery: $2.51
📉 24-Hour Price Change: -0.79%
🏦 Market Cap: $144.81 billion (-0.80%)
📊 24H Volume: $10.65 billion (-48.10%)
XRP continues to trade well above its November lows, fueled by post-U.S. election momentum.
🔥 XRP Recent Price Movement:
📉 $2.37 after unlocking 1B Tokens from escrow
⚠️ $2.43 during the XRPL outage
📈 $2.51 after the network resumed
XRP has shown strong recovery signals, reflecting investor confidence despite the recent fall.
🎯 Final Thoughts: What’s Next for XRP?
📌 Ripple is working to find the issue and stabilize XRPL
📌 Perhaps more decentralization is needed for the network
📌 XRP price remains stable, with strong market momentum post-election
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