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BNB $674.67 -0.75%
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BREAKING
Breaking News

XRPL targets 2028 quantum upgrade as XRP ETF outflows hit $10M

Breaking Signal·Market Impact: Medium
XRPL Foundation Targets 2028 Quantum Upgrade as XRP ETF Outflows Hit $10 Million

The XRPL Foundation has outlined a roadmap to upgrade the entire XRP Ledger network to the ML-DSA-44 post-quantum digital signature standard by 2028, according to AMBCrypto. The announcement comes as XRP faces significant price pressure near the $1 support level, with bearish on-chain signals clashing with the network’s long-term security plans.

Quantum Resistance Roadmap

The proposed upgrade aims to transition XRPL accounts from traditional cryptographic signatures to a system designed to withstand potential attacks from future quantum computers. Under the plan, account owners will be able to add a post-quantum public key to their accounts and subsequently deactivate their current signing keys. ML-DSA-44 is identified as a NIST-approved post-quantum digital signature standard.

Ripple is pushing the XRPL network toward this more future-ready security model as quantum computing threats become a greater concern. The Foundation’s move is intended to bolster the network’s long-term security posture, potentially influencing investors’ long-term risk-reward assessments of the asset.

ETF Outflows and Market Sentiment

Despite the long-term security improvements, the current market environment is characterized by significant fear, uncertainty, and doubt (FUD). XRP is not immune to the broader sell-off, with the $1 support level described as extremely vulnerable. The market is currently divided on the asset’s direction, with some investors viewing a potential drop to $0.80 as a lifetime opportunity to buy the dip, while others adhere to a bearish “XRP to zero” narrative.

Data from SoSoValue indicates that Spot XRP ETFs recorded their largest single-day net outflows of the year on November 9. Over $10 million was withdrawn from the funds on that day, marking the highest daily outflow since March 9, when withdrawals topped $18 million. These figures suggest increasing selling pressure and weaker institutional demand for XRP.

Near-Term Risk Assessment

The combination of weakening sentiment, weak technicals, and sustained ETF outflows is shifting the balance in favor of bears in the short term. Consequently, the XRPL quantum-resistance upgrade is considered less likely to improve XRP’s near-term risk-reward setup. While the long-term security enhancements provide a foundation for future growth, the immediate downside risk remains significant due to the current market conditions and institutional selling.

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