bullish

The post <a href="https://coinpedia.org/news/attention-xrpl-developers-ripple-makes-key-announcement/">Major Ripple News: XRPL Developers to See Testnet Reset This August</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ripple has made a key announcement for XRP Ledger (XRPL) developers through a <a href="https://x.com/RippleXDev/status/1820497455542321212?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1820497455542321212%7Ctwgr%5Ecba9071d4fa3de075f060f0d8be07650085125d7%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fripple-makes-key-announcement-for-xrp-ledger-developers-heres-why" target="_blank" rel="noreferrer noopener nofollow">tweet </a>on X. RippleX has announced plans for a testnet reset, which is scheduled for August 19, 2024, at 3 a.m. EST.&nbsp; 
<h2 class="wp-block-heading" id="h-ripplex-s-key-announcement-for-xrpl-developers">RippleX’s Key Announcement For XRPL Developers!</h2> 
Ripple operates the testnet and devnet to allow the community to test new features and integrations without risking actual money. The test networks are centralized, as opposed to the production XRP Ledger (mainnet). 
The testnet is intended to closely mimic the mainnet’s amendment status, while the devnet serves as a preview of proposed and upcoming features based on the source code’s development branch. 
<h2 class="wp-block-heading" id="h-ripple-exploring-long-term-solutions">Ripple Exploring Long-Term Solutions</h2> 
RippleX noted that resets improve the Testnet stability and reduce the cost of running a Testnet node and that they would provide updates once it’s completed. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 RippleX also noted “We are also exploring long-term solutions to enhance the resilience of the Testnet and ensure the community is prepared, including limiting access to Testnet XRP to mitigate network stress, Adding additional safeguards to protect the Testnet, Establishing a regular schedule for Testnet resets” 
</blockquote> 
Furthermore, it also reminded that in addition to this Testnet, XRPL community members are encouraged to create and manage additional testnets to support diverse testing and development needs. 
<h2 class="wp-block-heading" id="h-xrp-whales-begin-accumulation-trend">XRP Whales Begin Accumulation Trend!</h2> 
<a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> has started to shed off its losses from the recent crypto crash. Whales are also supporting the price rebound and have begun a strong accumulation trend for the coin. 
Earlier today, the market witnessed rising buying activity from XRP whales. More than 26 million XRP coins were transferred from <a href="https://app.coinpedia.org/company/binance" target="_blank" class="profile-details">binance</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/company/binance" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <a href="https://www.binance.com/" target="_blank" rel="nofollow noopener"> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1664610315244lexyqsklms.png" class="company_logo_img" alt="profile company logo" title="profile company logo"></a> binance binance@miceneurol.com Centralised Exchange <a href="https://www.binance.com/" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10161442/globe.svg" alt="globe icon" title="globe icon"></a> to an unknown wallet. This XRP transfer is worth around $13.62 million, as per the current <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a>. 
Rising buying activity and accumulation from crypto whales are always seen as a bullish signal. It is expected that the price of XRP will get significant support from this buying spree.&nbsp; 
Read Also: <a href="https://coinpedia.org/news/crypto-market-turmoil-hezbollah-launches-explosive-drone-attacks-on-northern-israel/" target="_blank" rel="noreferrer noopener">Crypto Market Turmoil: Hezbollah Launches Explosive Drone Attacks on Northern Israel</a>

Major Ripple News: XRPL Developers to See Testnet Reset This August

Table of Contents

CoinPedia News

Other articles published on Aug 6, 2024

XRP Price Prediction: $5 Possibility After SEC Case Dismissal; The New Altcoin Lures MATIC Holder...

Bitcoin Miners: How Mining Games Earn Real Crypto

Exploring Chainlink: How to Make Money While Crypto is Down

Fed Meeting Convened to Tackle Financial Market Instability

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

Donald Trump Launches Bitcoin-Themed Sneakers, Quickly Sell Out

Join our free newsletter for daily crypto updates!