Gate News, March 17 — As expectations for the XRP Ledger privacy technology upgrade heat up, market attention on XRP’s medium- to long-term trend has significantly increased. XRPL contributor Vet recently revealed that zero-knowledge proof (ZKP) technology is being developed, which could verify transaction validity without exposing transaction details, potentially changing how institutions use public blockchains.
Currently, most public blockchains have fully transparent transaction data, including amounts, addresses, and asset types. While this enhances trustworthiness, it also poses a barrier for some financial institutions to participate. The introduction of ZKP technology will allow the XRP Ledger to maintain network security and verifiability while selectively hiding transaction information.
Additionally, the upcoming XLS-372 standard will support confidential MPT tokens, enabling assets to incorporate privacy protections while remaining integrated into the XRPL ecosystem. Notably, this scheme is not fully anonymous but introduces an “auditability” mechanism, allowing regulators to view transaction data under certain conditions. This privacy and compliance balance is seen as a key factor in attracting institutional funds.
In terms of price, XRP is currently around $1.46, with a positive change in its technical structure. The previously sustained symmetrical triangle pattern has broken upward, indicating that bulls are gaining control. During the consolidation phase, persistent buying signals at lower levels have provided momentum for the breakout.
In the short term, $1.50 is a critical threshold. If the price can hold above this level, it could further open upward space, targeting $1.61, $1.90, or even $2.20. Conversely, if resistance is encountered again at this level, the price may fall back to $1.30, with an extreme scenario testing support at $1.12.
Market analysis suggests that XRP’s current movement is driven not only by technical patterns but also closely linked to potential fundamental changes. If privacy features are successfully implemented and attract institutional adoption, this could provide new growth drivers for the price. However, in the short term, attention should remain on key resistance levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
