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The XRP Ledger, since its inception in the middle of 2012, is nearing a remarkable milestone. The number of processed ledgers on the network has exceeded 99.49 million, leaving it just 509,000 steps from reaching the 100 million mark.
Maintaining Strength Despite Market Turbulence
This statistic was highlighted by validator Vet, demonstrating the system’s steadfast growth as confirmed by XRPSCAN data, which shows uninterrupted operations over 13 years. XRP Ledger was conceptualized in 2011 by David Schwartz, Jed McCaleb, and Arthur Britto with inspiration from Bitcoin 
$103,176, aiming to create a more energy-efficient and payment-focused digital asset. Today, XRP ranks fifth in market capitalization according to CoinMarketCap.
Despite a $19 billion liquidation wave over the weekend, XRP demonstrated a strong recovery. The price, which fell from $2.83 to $1.77 on Friday, climbed back to $2.64 by Monday morning. This significant recovery compensated for most of the 41% drop. XRP now holds a market capitalization of $157 billion, trading above its 200-day moving average of $2.57. Analysts suggest that maintaining this level could drive the price towards the $2.89–$3 range. Additionally, Ripple 
$2‘s new stable asset, RLUSD, successfully maintained its value of $1 amidst the volatile week.
Similar Movement in Other Cryptocurrencies
A similar tale of resilience unfolded with Solana 
$162 last week. Influenced by ETF rumors, SOL‘s price spiked by 15% in a short period. Simultaneously, Bitcoin remained steady at $115,000, while Ethereum 
$3,430 retested the $4,500 threshold. Experts believe that sustained market recovery requires increased investor confidence and the continuation of institutional purchases.
In conclusion, the XRP Ledger’s approach to 100 million ledgers marks a significant technical and historical milestone in the crypto world. This accomplishment reflects the network’s stability and the long-term vision of its developer community. Despite price fluctuations, XRP’s foundations, both technical and in its community, remain strong. This scenario highlights that XRP is not just a speculative asset but also a technology with potential for use in financial systems.
