cryptonewsz.com
Ripple’s XRP price surged nearly 4% following the announcement of the XRPL Ledger Snap integration with MetaMask, a widely used crypto wallet. The blockchain firm Peersyst Technology, which has been working closely with Ripple to enhance the XRP Ledger (XRPL), made the announcement on X.
XRP Ledger Integration on MetaMask
“We are excited to announce the launch of the #XRPLedger Snap for MetaMask,” Peersyst Technology stated. The integration allows MetaMask’s 30 million monthly active users to easily access and manage XRP Ledger assets.
“Today, 30 million monthly active users of Metamask are now just one click away from having an account on the XRP Ledger, creating a unique opportunity for the adoption and management of XRPL assets,” the firm noted.
the power of the #XRPL meets the versatility of @MetaMask 🦊🤝 https://t.co/TsrkhyqtFA
— RippleX (@RippleXDev) October 21, 2024
The newly launched XRPL Snap includes full features available on both the XRPL Mainnet and Testnet. According to Peersyst, “The #snap contains all the features currently available on the XRPL Mainnet and Testnet network and can be integrated by any dApp to connect and sign transactions.”
This integration opens up new possibilities for decentralized application developers and XRPL users alike, streamlining transaction processes within the XRP ecosystem. As part of the launch, Peersyst has introduced an early adopter campaign, offering up to 10,000 XRP in prizes. The campaign is designed to incentivize users to explore the new feature.
XRP Price Gains
The announcement has been positively received by the market, contributing to a notable increase in XRP price as investor sentiment improved. This development is expected to drive further adoption of XRP Ledger assets and broaden the user base.
Ripple’s native token soared significantly as it attained a high of $0.5594, rebounding from a low of $0.5416 on Monday, October 21. However, the gains slowed down later but XRP remained in the “green” territory. As of writing, the XRP price was up by 0.88% to $0.5475.
Also, it’s worth noting that the recent XRP price surge was also driven by major whale accumulation. In the past few hours, XRP whales snapped up a whopping 72 million tokens, worth approximately $40 million, from exchanges like Bybit and Upbit.