TLDR
- RippleX researchers introduced Confidential MPTs for tokens issued on the XRPL.
- The design uses EC-ElGamal encryption and zero-knowledge proofs.
- The total token supply remains public on the ledger, while balances remain encrypted.
- XRP is trading within a support band at $1.40, $1.31, and $1.21.
- A move above $1.31 could open the door to technical targets near $1.40 and $1.88.
RippleX researchers have introduced a new privacy proposal for the XRP Ledger, adding a fresh development to the networkās institutional infrastructure story while XRP trades near a critical technical zone. The new paper, authored by Aanchal Malhotra, Murat Cenk, and Joseph Ayo Akinyele, describes Confidential Transfers for Multi-Purpose Tokens, or Confidential MPTs, as a cryptographic extension of the XLS-33 token standard on XRPL.
According to the paper and related posts from the authors, the design aims to give institutions confidentiality on a public blockchain without removing the public verifiability that supports blockchain settlement. The model would encrypt token balances and transfer amounts, while keeping the total token supply visible on the ledger. Validators would still be able to check transfer validity and enforce supply caps without decrypting private transaction data.
1/ We have been working on a problem: how do you give institutions confidentiality on a public blockchain without giving up the verifiability that makes blockchains useful?
New paper with Murat Cenk and @ja_akinyele at @RippleXDev
š§µhttps://t.co/VV7IZt6cHJ— Aanchal Malhotra (@aanchalmalhotre) March 30, 2026
The proposal applies to issued tokens rather than XRP itself. Malhotra said that scope is intentional because issued assets on XRPL already operate within an issuer-based trust model that includes controls such as freezing, clawbacks, auditing, and selective disclosure. In that framework, privacy features can be added while keeping compliance tools available for regulated market participants.
Confidential MPT Design Targets Regulated Token Use
The paper states that individual balances and transfer amounts would be encrypted using EC-ElGamal, while zero-knowledge proofs would be used to verify that transfers remain valid. Total supply would stay in plaintext on the ledger, allowing validators to maintain public checks on issuance and transfer rules. That structure separates actor privacy from market integrity, which the researchers describe as a core design goal.
The paper also introduces selective auditability. Each balance can be represented through multiple ciphertexts tied to different keys, including keys for the holder, the issuer, and an optional auditor. Equality proofs connect those records, allowing an auditor to verify balances independently while preserving privacy for public observers. The authors said this model is intended to support institutional and regulatory use cases without removing the public rules that govern token supply.
RippleXās privacy paper arrives during a broader shift in how on-chain privacy is discussed in policy circles. The material referenced a March 2026 U.S. Treasury report that acknowledged lawful digital asset users may rely on privacy tools when transacting on public blockchains. The release also follows Rippleās recent work on a broader AI-linked security strategy for XRPL, placing the new proposal within a wider network development effort.
XRP Price Structure Keeps $1.31 in Focus
While the privacy paper centers on issued tokens, XRP traders remain focused on price action. According to an analysis by Dark Defender, XRP is moving inside a dense Fibonacci support zone after a multi-leg correction from the 2025 peak near $3.66. That support area sits around $1.40, $1.31, and $1.21, with current trading near the middle of the range.
The level receiving the most attention is $1.31. In the chart structure, that area aligns with a 50% retracement level and sits just above the lower support shelf. Traders are treating it as the immediate trigger point because a stronger move through that level would suggest buyers are regaining control after the broader correction.
Source: X
If XRP holds the current support band and pushes above $1.31, the next technical levels are near $1.40, then $1.88. The higher target aligns with a 161.8% extension within the chart framework. That leaves XRP in a narrow decision zone where the next move depends on whether support converts into momentum.
The relative strength index is currently trending toward the lower end of its historical range and has begun to turn upward from around 39 to 40. According to crypto analyst Dark Defender, that pattern has previously appeared near cycle lows and is now being watched as an early signal of a potential reversal.
The bullish case remains tied to the support band holding. A sustained move above $1.31 would improve the near-term structure and keep recovery targets active. If the price breaks below $1.21, the rebound scenario weakens, and the next major support near $0.91 returns to focus.
