Well, it looks like the XRP Ledger is on the verge of a pretty significant shift. In just a matter of hours, a new system for handling compliance is expected to go live. It’s called the Credentials amendment, and from what I’ve been reading, it could change how users and institutions handle things like identity verification directly on-chain.
What the Credentials Amendment Does
Basically, this update introduces a native way to manage authorization and attest to compliance requirements—think KYC or AML checks—right on the XRP Ledger. Instead of relying on external systems, these credentials can be issued to a user’s decentralized identity. It adds three new transaction types: one to create a credential, another to accept one, and a third to delete it. It also tweaks some existing ledger structures. Not the flashiest update, maybe, but it seems practical.
The amendment has already gotten strong support from validators, with over 80% voting in favor. Barring any last-minute surprises, it should activate early on September 4th.
A Busy Week for XRPL Updates
This isn’t the only change hitting the network lately. Just in the past week, three other technical amendments were activated. They dealt with fixes for AMM issues, NFToken trustlines, and payment channels. It feels like the developers are quietly shoring up the foundation, piece by piece.
XRP’s Market Performance
And then there’s the price action. Honestly, it’s hard to ignore. Over the past year, XRP is up around 400%, according to CoinGecko. That noticeably outpaces Bitcoin and Ethereum. Of course, yearly percentages can be a bit misleading with crypto—volatility is just part of the game.
After a rough patch where it fell for six days straight, XRP has found some footing. It’s trading around $2.87 as of this writing, up slightly on the day. Traders are watching to see if it can push past near-term resistance levels around $3.09 or if it might slide back toward support near $2.48.
It’s interesting to see these two stories side by side—technical upgrades on one hand, and market movements on the other. They don’t always move together, but for anyone invested in XRP, both matter. We’ll have to wait and see how this new amendment is received, and whether the recent price recovery holds.
