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Ripple CTO David Schwartz addressed a recent controversy surrounding Ripple's smart contract plans.

The world of meme tokens is a dynamic one, where investors are constantly on the lookout for the next big opportunity. In recent developments, investors in Ripple (XRP) have started doubling down on a new cryptocurrency that is positioned to deliver significant returns: Mpeppe (MPEPE).

Ripple (XRP) has long been a significant player in the cryptocurrency market, particularly known for its focus on facilitating cross-border payments. However, recent developments have shown that XRP is facing challenges in regaining its momentum, prompting some XRP holders to explore new opportunities, such as the emerging gambling token Mpeppe (MPEPE).

In a recent X post, the XRP community figure, Mickle has sparked a debate over the volatility of crypto assets like XRP and their day-to-day payment transactions, citing remarks from Ripple's CTO, David Schwartz. Schwartz in his remarks discussed the possibility of cryptocurrencies becoming more stable as they witness greater real-world adoption.

Ripple's (XRP) price has recently regained the crucial $0.55 support level after briefly losing it on Sunday. If this recovery is supported by increased buying pressure, it could boost XRP's chances of reaching higher price levels.

As the price of XRP consolidates in a tight range, the token's past price rallies could offer hints about the next trajectory.

Major assets like XRP, TON, and ADA also experienced a decrease in whale activity, signaling a broader trend across the market.

Yonsei University in South Korea has joined Ripple's University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial intelligence, finance, information systems, and management.

Ripple has reserved 200 million XRP into its treasury account, which the company will likely sell throughout September. This is part of the 1 billion XRP unlocked this month, as Finbold previously warned about – with potential price impact.

The XRP price has recorded a strong bullish action since the week started. This highlights an increase in the buying sentiment for the altcoin in the cryptocurrency market. Moreover, the expansion of Ethereum-compatible smart contracts to the XRP ledger has resulted in its price experiencing increased action.

Ripple is set to introduce Ethereum-compatible smart contracts to the XRP Ledger through a new sidechain. As reported by Coindesk, this sidechain will allow for more than just basic transactions, enabling complex applications like decentralized exchanges and token issuance.

Prominent cross-border payments firm Ripple is set to introduce smart contracts to the XRP Ledger (XRPL). According to the announcement made by Team Ripple on September 2, this move aims to expand XRPL's capabilities and attract developers, fostering the creation of new decentralized applications (DApps).

Ripple has shown a slight bullish rebound after encountering significant support at the 200-day moving average of $0.55, suggesting a modest increase in market demand. However, the market is likely to experience short-term consolidation.

In a recent update posted on X, analyst BarriC shared his optimistic outlook for XRP, predicting that the cryptocurrency will experience a major upward trend starting in early October. Currently trading around $0.5504, XRP has been relatively flat over the past year, especially when compared to the notable gains seen by other cryptocurrencies such as BNB and Ethereum during the ongoing bull market that began in late 2023.

The Ripple community may witness turbulence in the days ahead, not just in its price performance but also in its ecosystem stability. Wietse Wind, the director of XRPL Labs, gave this indication in a strongly worded message to Ripple, which has shaken the XRP Ledger community.

Ripple's XRP has faced a tough two weeks, with its price sliding by 7% and hitting a local low of around $0.54. However, recent developments suggest that XRP might be on the verge of a major turnaround. Meanwhile, prominent crypto analysts are eyeing a potential breakout that could push XRP's price up to $0.

Amid XRP's current price rebound, analysts have shared bullish predictions on the asset. However, fundamentals suggest caution.

This groundbreaking development, announced by Ripple and its developers, will enable smart contracts to operate on the XRP Ledger. This will significantly enhance its functionality and appeal within the blockchain ecosystem.

Recently, XRP community advocate Xena took to social media platform X to express her dissatisfaction with a recent price forecast for XRP made by popular YouTuber Moon Lambo. According to Moon Lambo, XRP could only see a price increase to between $5 and $10 in the near term, with a potential climb to $200 over the next decade.

Ripple recently made some key announcements at the ongoing XRPL events in Korea and Japan, all in service of the goal of strengthening the foundations of crypto infrastructure to support blockchain utility and usability for institutional adoption.

The end of the SEC case against Ripple has given the blockchain payment company the needed space to build the XRPL network in preparation for mainstream adoption.

TL;DR Native Smart Contracts Coming to XRPL in 2025: Ripple plans to introduce native smart contract functionality to the XRP Ledger, enhancing its capabilities for dApps and expanding its ecosystem.

The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.

In a new technical analysis published on X, crypto analyst Dark Defender (@DefendDark) is projecting a highly bullish future for the XRP price. He leverages the Elliott Wave Theory to suggest a potential surge to $18.22 in what he anticipates to be the third wave of a major bullish cycle.