Ripple Hits Coinbase with $108 Million XRP Transfer: Is Company Selling Its "North Star"?
Ripple's $108M XRP transfer to Coinbase raises questions about strategy.
U.Today1 min read
Ripple (XRP) News Today: April 21
TL;DR
Ripple has launched a roadmap to protect the XRP Ledger from quantum attacks, aiming for full readiness by 2028. XRP has seen a 5% rebound in value over the past week, with potential for further growth.
Key points
- Ripple unveiled a roadmap for XRP Ledger security
- The plan aims for readiness against quantum attacks by 2028
- XRP has rebounded 5% over the past week
Mentioned in this story
RippleProject ElevenJ. Ayo Akinyele
Ripple unveiled a strategic roadmap to make the XRP Ledger (XRPL) resistant to quantum attacks.
The company’s native token, XRP, has rebounded 5% over the past week, with some indicators suggesting a further ascent may be on the way.
The Security Plan
J. Ayo Akinyele, Head of Engineering at Rippe, revealed that the firm has partnered with Project Eleven to introduce a “multi-phase roadmap targeting full readiness by 2028.” The initiative’s main goal is to evaluate quantum threats, roll out hybrid models alongside existing systems, and define a clear migration path. In the aftermath, it should make XRP Ledger, the core infrastructure that underpins Ripple’s ecosystem, protected against quantum attacks.
“It is a fundamental architectural shift in how digital assets are secured over the long term. This transition will impact key management, validator infrastructure, and how users interact with the network,” he posted on X.
Google’s quantum research team recently warned that future machines could pose real risks to today’s cryptography much sooner than people expected. This is why the topic has been trending, prompting developers to act fast before it is potentially too late.
More Support for RLUSD
Besides its popular cryptocurrency XRP, Ripple launched a stablecoin pegged 1:1 to the American dollar. The product, dubbed RLUSD, debuted in late 2024 and has since made significant progress. Currently, its market capitalization stands at roughly $1.44 billion, making it the 54th-biggest cryptocurrency.
Some well-known exchanges that have listed RLUSD in recent months include Binance, Kraken, Bybit, Gemini, and more. Earlier this month, Bitrue made the stablecoin available as margin for futures trading.
XRP and the Whales
As of this writing, Ripple’s native token trades at around $1.43, up 5% on a weekly basis. It has followed the broader market’s resurgence, while recent whale activity suggests additional gains may be on the way.
The renowned analyst Ali Martinez that large investors have purchased 360 million XRP over the past week. The USD equivalent of the stash is more than $500 million, and this group of market participants now holds a total of 8.73 billion coins (14% of the asset’s circulating supply).
Q&A
What is Ripple's roadmap for quantum attack resistance?
Ripple's roadmap involves a multi-phase plan in partnership with Project Eleven, targeting full readiness by 2028 to secure the XRP Ledger against quantum threats.
How much has XRP's value increased recently?
XRP has rebounded by 5% over the past week, indicating potential for further price growth.
Who is leading the quantum security initiative at Ripple?
J. Ayo Akinyele, the Head of Engineering at Ripple, is leading the initiative to enhance the security of the XRP Ledger against quantum attacks.
