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XRP, the fifth-largest cryptocurrency by market capitalization, is falling along with the rest of the cryptocurrency market after news emerged that the SEC was delaying decisions on two more Bitcoin ETFs.
XRP has fallen 1.85% in the previous 24 hours to $0.6 at the time of writing, matching the general trend in the crypto market.
With the current declines, XRP could have its first week of losses since October. The price of the crypto asset has fallen 18% in the last 10 days. according to therea crypto analyst.
Despite the price drop, Ali noticed an increase in whale transactions as well as his holdings. He adds that this growing interest from major players could herald a recovery in XRP price.
In another tweet, Ali stated that TD Sequential was showing a buy signal on the four-hour chart of XRP, which could lead to a return to $0.63 or possibly $0.67. If this happens, XRP could see a 12% increase from its current price.
XRP Ledger Reveals EVM Sidechain Audit Results
Cybersecurity firm Bishop Fox completed an extensive EVM sidechain security audit a few months ago, specifically evaluating the EVM sidechain implementation.
Additionally, the audit evaluated the EVM sidechain consensus mechanism and the bridging implementation between XRPL and EVM, which uses the Cross-Chain Bridging Specification (XLS-38d) for XRPL.
Bishop Fox provided remediation reports for both the EVM sidechain and the XLS-38 cross chain bridge earlier this month, and the audit findings have now been revealed.
The issues highlighted in the audit were resolved in the most recent deployment and these fixes will be included in the EVM sidechain mainnet release.
Peersyst is developing the EVM sidechain in partnership with Ripple; A new version of its devnet (v2) was released in June 2023.
