Ripple’s XRP Ledger was stopped on February 4, 2025, at the block height of 93927174 for 64 minutes. The problem prevented the publication of validations, which caused a halt in the network’s operation for a while.
Ripple’s Chief Technology Officer, David Schwartz, confirmed the halt, stating that while consensus seemed to be proceeding, validations were not being published, and therefore the network was moving apart.
The validators had to manually take control and choose a “rational starting point” to bring the network back to normal. RippleX also ensured its customers that their funds were not compromised during the incident.
However, this raised concerns of centralization of XRP Ledger because only a few validators would be able to make alterations to the network. This raised discussions, especially when compared with Ethereum, which is a decentralized network with over one million validators.
After the network’s recovery, XRP price rose by 3.2% from the 24-hour low of $2.45 to $2.53. This price movement is consistent with the performance of XRP since the victory of Donald Trump as the President of the United States of America, as it has risen by 396% since November 5, 2024.
This network halt continues the discussions regarding the XRP Ledger’s centralization and Ripple’s role in the crypto industry as its CEO, Brad Garlinghouse, seeks to have XRP recognized as one of the US reserve assets.
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