XRP Ledger Foundation (XRPLF) confirmed that it patched a critical vulnerability found in an amendment in Ripple’s XRP Ledger that had not yet been activated. On February 19, Cantina cybersecurity firm engineer Pranamya Keshkamat and the Cantina AI security bot detected the critical error in the signature verification logic. This vulnerability could have allowed attackers to perform transactions from victim accounts without needing private keys and drain funds. Fortunately, the amendment was in the voting stage and had not been activated on the mainnet, so no funds were at risk.
Source: XRP Ledger FoundationDetails of the XRP Ledger Security Vulnerability
According to XRPLF, this vulnerability could have destabilized a large-scale exploitation ecosystem and led to a loss of trust in XRPL. Cantina and Spearbit CEO Hari Mulackal stated that the autonomous bug hunter Apex identified the vulnerability through static analysis of the rippled codebase. Validators voted against the amendment; on February 23, the rippled 3.1.1 emergency release was published, preventing activation. This demonstrates the XRP ecosystem’s proactive security approach.
- Vulnerability Type: Signature verification error – Could have unlocked account funds.
- Detection Method: AI-based static code analysis (Apex bot).
- Impact: Potential fund loss, but zero damage on mainnet.
XRP Price Analysis: Current Technical Situation
As of February 27, XRP price is at $1.41, signaling a downtrend with a -%2.33 drop in the last 24 hours. RSI 42.80 (neutral), Supertrend bearish. EMA 20: $1.4498. The news had a limited market impact, but volatility may increase. Visit our XRP detailed analysis page for a detailed review.
Critical Support and Resistance Levels for XRP
- Support S1: $1.3967 (⭐⭐⭐⭐ 90/100, -%1.13 distance)
- Support S2: $1.3124 (⭐⭐⭐ 67/100, -%7.10 distance)
- Resistance R1: $1.4246 (⭐⭐⭐ 76/100, +%0.84 distance)
- Resistance R2: $1.6158 (⭐⭐⭐ 69/100, +%14.38 distance)
Check out our XRP futures guide for futures trading. XRP spot analysis emphasizes the strong S1 support.
Frequently Asked Questions About the XRP Security Vulnerability
Did the XRP Ledger vulnerability affect funds?
No, no funds were at risk because the amendment was not activated.
How did this patch affect the XRP price?
Price at $1.41 in downtrend; the news preserved confidence but general market pressure prevails.
What is an XRP Ledger amendment?
Protocol update via community vote; this time rejected due to security concerns.
Source: https://en.coinotag.com/xrp-ledger-critical-security-vulnerability-patched
