XRP broke upward out of the narrow range of recent days on Tuesday afternoon and traded at $1.278, or about €1.14, at around 15:40 German time. That is a gain of 2.1 percent in 24 hours, while bitcoin lost 0.7 percent to $77,290 over the same period (data: CoinGecko). The reason to look ahead is a day away: on Wednesday, at 15:46 German time at the earliest, the correction fixCleanup3_4_0 is due to go live on the XRP Ledger, closing among other things a gap in delegated payment permissions.
What is established: 33 of 35 trusted validators currently vote for the fix, the majority has held without interruption since 14:46 UTC on October 21, and under the network's rules the change takes effect after a majority has been held for two weeks. Our assessment follows further down: the fix is a repair, not a price driver, but it removes a risk for the stablecoins on the ledger, and that counts for more in the medium-term XRP price prediction than an afternoon's move.
Where the price could head over a horizon of months is set out in our XRP price prediction with scenar...
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