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Ripple is preparing the XRP Ledger for a future quantum-computing threat, even as trader flags near-term downside risk for XRP(CRYPTO: XRP).
Four-Stage Roadmap For Q-Day
Ripple Senior Director of Engineering Ayo Akinyeletold CoinDesk that the company is preparing the XRP Ledger for potential quantum-computing threats before the technology becomes powerful enough to break current cryptographic protections.
A sufficiently advanced quantum computer could theoretically derive private keys from publicly available information, potentially putting blockchain assets at risk.
Researchers call this scenario “Q-Day.”
Ripple’s four-stage roadmap starts with identifying vulnerabilities and testing quantum-resistant cryptography before eventually running existing and new security systems in parallel and migrating the broader network.
The plan also includes an emergency upgrade path if quantum computing advances faster than expected.
XRP Ledger already allows users to replace account keys without changing the underlying account. Network-wide changes would still require coordination among independent validators.
XRP’s Rejection At $1.55
In an X post on Aug. 31, crypto trader Crypto Patel said XRP rejected the $1.55 resistance after briefly sweeping liquidity above the level, followed by aggressive selling that sent prices nearly 20% lower.
Patel said XRP has not yet confirmed a bullish breakout and needs weekly acceptance above its recent high.
If resistance holds, the trader sees $0.90 to $0.70 as the next major downside zone. Longer term, Patel still sees $10 as possible.
Over the past month, XRP has gained 30%, despite falling 8% over the past seven days.
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