The digital asset XRP ($2.51) has reportedly experienced an 8% drop in value following a network disruption lasting nearly an hour on the XRP Ledger. Reports indicate that the price has declined to around $2.50.
Network Outage and Price Movements
During the outage on Tuesday, block production ceased, and the network froze at a block height of 93927173. Although the system quickly returned to normal operations, the decline in price to critical support levels raised market concerns.
Official Statements and Community Perspectives
Ripple 
$3‘s Chief Technology Officer, David Schwartz, stated that the exact cause of the issue has not yet been identified. While consensus on the network continued, the inability to publish validations led to a disruption in the process.
David Schwartz: “The exact cause of the issue has not yet been clarified. The disruption in validation publishing was resolved with manual interventions.”
Additionally, Edo Farina, manager of the XRP Healthcare team, highlighted that the network has accumulated 110,000 hours of uptime sinc…
