{"id":21324,"date":"2026-02-04T17:34:17","date_gmt":"2026-02-04T17:34:17","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-sits-at-key-support-as-permissioned-dex-vote-nears-key-milestone\/"},"modified":"2026-02-04T17:34:22","modified_gmt":"2026-02-04T17:34:22","slug":"xrp-price-sits-at-key-support-as-permissioned-dex-vote-nears-key-milestone","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-sits-at-key-support-as-permissioned-dex-vote-nears-key-milestone\/","title":{"rendered":"XRP price sits at key support as Permissioned DEX vote nears key milestone"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price remains in a bear market this week despite some important network news and progress on its permissioned decentralized exchange vote.<\/p>\n<div id=\"cn-block-summary-block_4ca3def967f6c6926a1893124e0b5206\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price has crashed by 57% from its highest level in 2025.<\/li>\n<li>The vote for the Permissioned DEX is moving on smoothly and is likely to pass.<\/li>\n<li>Technical analysis suggests that it is hovering at a crucial support level.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Ripple (XRP) token dropped to a key support level at $1.5463, down 56% from its 2025 high. This retreat has coincided with the broad crypto market crash that has hit Bitcoin and most altcoins.<\/p>\n<p>XRP price has dropped despite some major ecosystem news. For example, the developers announced that Ripple Labs had received an EU-wide electronic money license. This license will make it easy for the company to ink deals with financial services companies in the bloc.<\/p>\n<p>Ripple Labs has received more licenses in the past few months, including a U.S. banking charter and licenses in the UK and Singapore.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meanwhile, the network activated the XLS-80 vote, which focused on permissioned domains. Most importantly, the Permissioned DEX vote is <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/livenet.xrpl.org\/amendments\" target=\"_blank\" rel=\"nofollow\">nearing<\/a> its threshold.<\/p>\n<p>The two amendments are important because they will enable institutions and other developers to build high-quality, regulatory-compliant decentralized exchanges. These DEX networks are different from other networks because they will include features such as Know Your Customer and Anti-Money Laundering policies.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u2705 XLS-80 Permissioned Domains is now activated on XRPL!<\/p>\n<p>We\u2019re only one yes vote away from the Permissioned DEX amendment to begin the 2 week countdown!<\/p>\n<p>When both these amendments are activated, institutions (and others) will be able to start utilizing the permissioned DEX! \ud83d\udc4f <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/jWEXjcJcdc\">pic.twitter.com\/jWEXjcJcdc<\/a><\/p>\n<p>\u2014 Anders \ud83c\udfc1\ud83c\udf0f (@X__Anderson) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/X__Anderson\/status\/2018992619724947962?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The team believes that permissioned DEX will have more use cases in corporations. Some of these use cases are in stablecoin and fiat currency swaps, contractor and payroll payouts, cross-border business-to-business payments, and corporate treasuries.<\/p>\n<p>The XRP Ledger network is also doing well in the tokenization industry. Data show that the value of the represented asset in the real-world asset tokenization industry rose by 265% over the last 30 days to over $1.45 billion.<\/p>\n<h2 class=\"wp-block-heading\">XRP price prediction: Technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The weekly chart shows that the XRP price has crashed over the past few months and is now hovering at a crucial support level that coincides with the Major S&amp;R Pivot Point of the Murrey Math Lines tool. It has failed to move below this price several times since April last year.<\/p>\n<p>The token has moved below the 50-week Exponential Moving Average and the Supertrend indicator. At the same time, the Relative Strength Index has continued falling and is now hovering near the oversold level.<\/p>\n<p>Therefore, a move below this support will signal further downside, potentially to the key level at $1, about 35% below the current level. The alternative scenario is where it rebounds, potentially to the strong, pivot and reverse level of the Murrey Math Lines tool at $2.34.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price remains in a bear market this week despite some important network news and progress on its permissioned decentralized exchange vote. Summary XRP price has crashed by 57% from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21324"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21324\/revisions"}],"predecessor-version":[{"id":21325,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21324\/revisions\/21325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11566"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}