XRP price to rally?
Ripple Labs is dealing with the legal complication enforced by the U.S. Securities and Exchange Commission (SEC). However, its decentralised public blockchain, XRP Ledger (XRPL) is gearing up to launch its native smart contracts Hooks.
FYEO, a Web3 security auditing firm confirmed the commencement of the security assessment of the Hooks Amendment. It stated that the Hooks Amendment will enable on-ledger smart contracts which are purposely built to expand XRPL’s capabilities.
As per the Hooks amendment, it aims to provide support for native on-ledger smart contracts that are able to perform several specific functions completely based on predefined conditions.
On the market side, XRP is on a recovery rally, up by 28% over the past 30 days. At the moment XRP is trading at an average price of $0.49.
We have a great announcement for you today! Turn your notifications on!
