XRP News: Ripple’s XRPL Boosts Programmability Amid BlackRock Tokenization Buzz

In today’s big XRP news, Ripple’s native XRP Ledger (XRPL) is undergoing major advancements to boost programmability on the blockchain. Developers successfully updated the Smart Escrow Devnet amid buzz surrounding the launch of a new smart contract for BlackRock’s BUIDL and VanEck’s VBill swaps to RLUSD.

Upcoming proposed developments, including XLS-101d full smart contract proposal, would bring more use cases as TradFi brings financial instruments on-chain.

XRP News: XRPL Developer Unveils Smart Escrow Devnet Update

XRP Ledger developers announced a successful Smart Escrow Devnet update to the sixth monthly release. With this, the Smart Escrow functionality is feature-complete and moving to the review and testing phase to unlock new use cases on the blockchain amid DeFi adoption and tokenization push.

Changes related to fees and reserves, function signatures, multi-purpose token (MPToken) issuance, along with bug fixes and code cleanup, were revealed by developers. “We have been working a lot on revamping the repo structure to improve the dev experience, so examples are now in projects/examples,” they added.

XRP Ledger validator Vet highlighted another key development to boost programmability on XRPL. He added that XLS-101d proposal aims to bring full smart contract capabilities directly on the blockchain.

This comes amid major XRP news of Ripple and Securitize announcing a smart contract launch to enable tokenized BlackRock’s BUIDL and VanEck’s VBILL holders to redeem tokenized shares for RLUSD stablecoin.

XRP Price Holds Near $2.85

XRP price dropped 0.60% in the past 24 hours, with the price currently trading at $2.84. The 24-hour low and high were $2.80 and $2.89, respectively. Furthermore, the trading volume has decreased by 40% in the last 24 hours, indicating a decline in interest among traders.

In the daily timeframe, the price is below the 50-MA and merely above the 100-MA at the time of writing. Whereas, the Relative Strength Index (RSI) rises to 42 amid buying from dips, signaling potential for further upside.

CoinGlass data showed buying in the derivatives market. At the time of writing, the total XRP futures open interest jumped 1% to $7.57 billion. XRP futures open interest on CME and Binance climbed 0.10% and 1%, respectively.