By its very nature, the Cryptocurrency market is volatile. At any given time, some currencies will be doing extremely well, while others will be performing badly. Every so often, one will fail altogether.
However, there are some periods when the waters are choppier than usual. Indeed, to take a maritime analogy further, Bitcoin has been sinking fast over the last few months.
As one of the biggest and most established cryptocurrencies, Bitcoin may be Titanic in size, but it behaves like a submarine. On several past occasions, it has seemed to hit an iceberg and sink, only to resurface. Indeed, each time it has come back stronger.
In past cycles, every fourth year has been known as the ‘halving year’ for Bitcoin, when values plunge, before spending three years growing to new heights. However, this time, 2024 was the halving year, yet Bitcoin has now all but halved in value since October 2025.
This has led to a major debate on whether the four-year Bitcoin cycle still applies, or has been consigned to history.
What Cryptocurrencies Are Performing Well Right Now?
However, while the most famous currency has been sliding underwater, others, such as Hyperliquid and Pax Gold, have been soaring and some experts have advised investors to buy them.
This suggests that those involved in trading and investing in cryptocurrency still have good reasons to be active in the market, as will new entrants.
For some, early forays into the market may be a matter of uncertainty as you seek to navigate a strange world. However, with a Volta app, you can find it all a lot easier, as this provides a seamless way to invest, swap, trade and spend.
At the heart of this is the use of trustlines. Here, we explain what a trustline is, how you can use it and how to set up a trustline on Volta.
What Is An XRP Trustline?
The XRP Authority describes a trustline as being like a road through a big city, connecting different districts. In this case, however, you are not using the link for travel, but trade. A trustline connects you with a seller or issuer of digital assets.
It is not named a trustline by accident. The name highlights the fact that this is a connection built on trust between XRPL accounts. You can buy and sell cryptoassets according to which ones you are happy to receive and this list can be as large or small as you wish.
In effect, the XRP authority states, the trustline establishes a “VIP list” of trusted currencies you are willing to trust and allow into your Volta Wallet. If it’s not on the list, it isn’t coming in.
So, how do you go about setting up an XRP Trustline? You can do so with the following steps:
· Download the Volta app and then navigate to the wallets tab
· Navigate to ‘non-custodial’ and click on the title XRP Chain
· Next, set up your wallet. This requires a fee of 10 XRP to complete, plus 2.5 XRP for each trustline. We recommend starting with four, so the full cost would be 20 XRP.
· To set it up, copy the deposit address and send 12.50 XRP (10 XRP plus 2.50 XRP for the first trustline)
· You can now find a trustline by pressing the +trust button in the XRP Chain Wallet. Select this and then press XRPayNet
· Click ‘add’ to finish, and your wallet and trustline are now set up
This will get you started, but of course, you can add more trustlines whenever you wish.
How Do IOUs Work In The XRP Ledger?
Among the key benefits of this system as opposed to others is the use of custom tokens known as IOUs. These are created by any issuer who wants to distribute a currency on the XRPL system.
Only when the trustline is established can an IOU convert to the actual transfer of a cryptoasset. This means no currency can be ‘spammed’ to another account without the mutual agreement of the two parties.
Instead, you can operate from a position of control and trust, which are very important at any time, let alone in a very volatile market or when you are new to crypto trading and investment.
The trustline system is in place alongside our own secure ledger, which operates differently from other Blockchain systems to create extra security, relying on a network of validators based across the globe who are required to permit transactions to take place.
Whatever the current state of the market or performance of any particular cryptocurrency, the XRPL system is there to offer trust and security at all times, helping you navigate the high seas of crypto trading without getting holed below the waterline.