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XRP Ledger Patched Following Bug Discovery as Token Supply Holds Firm

MixedMedium impact
XRPUSD$1.39 −1.40%

Validators on the XRP Ledger successfully deployed emergency software updates to fix a decade-old 64-bit overflow vulnerability in its payment engine alongside a batch processing issue. Software version xrpld 3.4.1 and the XLS-56 fix resolved the issue across the main network without any public network exploitation or loss of funds.

The disclosed flaw could have allowed potential attackers to mint excess tokens via the embedded decentralized exchange, raising concerns over market pricing. However, network authorities confirmed that no new tokens were generated, keeping total XRP supply capped at 100 billion tokens. Spot exchange-traded funds drew $11.3 million in weekly inflows despite a weekly price decline of roughly 8.2 percent, alongside 1.58 billion XRP in exchange outflows over 30 days.

In market action, XRP / U.S. dollar (BITSTAMP:XRPUSD) hovered around $1.401, down 0.54% on the day. Technical parameters indicate that a daily close above $1.40 is needed to shift the near-term trend, while a rise above $1.43 to $1.48 is necessary to break a pattern of lower highs. Meanwhile, development team RippleX plans to expand artificial intelligence-assisted bug hunting and formal verification to strengthen network security.

Key points

  • Validators applied emergency patch xrpld 3.4.1 to fix a decade-old payment engine overflow bug on the XRP Ledger.
  • No funds were lost and no new tokens were created, leaving total XRP supply capped at 100 billion.
  • Spot XRP exchange-traded funds brought in $11.3 million in weekly inflows despite recent price pressure.
  • Technical indicators suggest a daily close above $1.40 is needed to reverse XRP's near-term downward trend.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Was any cryptocurrency stolen or minted during the XRP Ledger bug?

No funds were lost and no new XRP tokens were created. Total supply remains capped at 100 billion tokens.

How was the XRP Ledger payment engine bug resolved?

Validators deployed an emergency software patch, xrpld version 3.4.1 along with the XLS-56 fix, on the main network.

What price level does XRP need to clear to break its downward pattern?

XRP requires a daily close above $1.40 to alter its near-term trend, and a break above $1.43 to $1.48 to end its pattern of lower highs.