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XRP Ledger Activates Crucial Price Oracle Amendment: Here’s Why It Matters

  • The XRP Ledger has activated the Price Oracle amendment, allowing integration of off-chain data through oracles.
  • This update enhances the DeFi capabilities of the XRPL and expands its decentralized applications.
  • With Ripple's plan to introduce smart contract support, the amendment positions XRPL competitively against other blockchain platforms.
  • There is positive market sentiment and speculation that this update may drive up demand for XRP.

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