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Tag: XRPL AMM

XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community
XRP News

XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community

The XRP Ledger (XRPL) is on the cusp of a major development with the activation of its Automated Market Maker (AMM) feature on March 21st, 2024. This move is expected to bring significant changes to the XRP ecosystem, potentially boosting its adoption and price. Increased Liquidity and Trading AMMs facilitate decentralized trading by creating liquidity pools where users can swap assets. This is expected to increase liquidity for XRP and other assets on the XRPL, attracting more traders and improving overall market efficiency. Read Also: Do Kwon to Face Charges in South Korea After Extradition Battle https://twitter.com/DPGmaximus/status/1770675229637148795 Passive Income Opportunities: Liquidity providers who deposit assets into these pools earn rewards from trading fees. This i...
XRP: Can it Reclaim its Glory Days?
XRP News

XRP: Can it Reclaim its Glory Days?

XRP, the cryptocurrency used on Ripple's payment network, has had a bumpy ride. Despite reaching an all-time high of $1.96 in January 2018, it has struggled to regain that level ever since. However, recent developments and predictions suggest a bright future for XRP. Read Also: Shiba Inu (SHIB) Sees Whale Accumulation Amidst Market Downturn Signs of Hope XRP has shown glimpses of its potential, reaching $0.93 in July 2023 after a positive court ruling in the ongoing lawsuit with the SEC. Additionally, Ripple's On-Demand Liquidity (ODL) services and the growing adoption of the XRP Ledger (XRPL) are fueling optimism. Changelly's Price Forecast Changelly, a cryptocurrency exchange, predicts a strong comeback for XRP. They believe XRP will reach $0.98 by the end of 2024, potentially exc...
XRP Shocks Market with Sudden Surge, Long-Term Prospects Debated
XRP News

XRP Shocks Market with Sudden Surge, Long-Term Prospects Debated

XRP defied the altcoin market's sluggishness with a surprise bullish rally in the last 24 hours. The price skyrocketed from $0.6215 to over $0.74 within six hours, representing a staggering 19.38% gain. This surge marked XRP's highest point since July 2023, breaking a seven-month downtrend that frustrated many holders. Read Also: K9 Finance DAO Token (KNINE) Hits New High, Aims to Unlock Shibarium Liquidity https://twitter.com/BitrueOfficial/status/1767386537761931460 Crypto Community Reacts with Surprise and Skepticism The dramatic turnaround sparked reactions from prominent figures in the crypto sphere. Singaporean exchange Bitrue highlighted XRP's impressive surge and queried the community: "Is it time for XRP to shine?" However, the response was mixed. While some believe XRP...
XRP Ecosystem Braces for Game-Changing Shift with XLS-30D AMM Amendment
XRP News

XRP Ecosystem Braces for Game-Changing Shift with XLS-30D AMM Amendment

In a groundbreaking development for XRP enthusiasts and proponents of decentralized finance (DeFi), the XRP ecosystem is poised for a significant transformation with the impending implementation of the XLS-30D Automated Market Maker (AMM) Amendment. Spearheaded by Panos Mekras, the founder of Anodos Finance, this initiative has garnered substantial support, with a remarkable 60% of XRP Ledger (XRPL) validators rallying behind the proposal. Read Also: Luna Classic Bites Back: Chapter 11 is NOT the Obituary, It's the Rebirth Anthem! XLS-30D AMM Amendment The XLS-30D AMM Amendment represents a pivotal moment for XRP holders, introducing automated market maker functionality to the XRP Ledger. This revolutionary advancement will seamlessly integrate the ledger with decentralized exchanges,...
Crypto Market Update: XRP Surges as Major Assets Experience Profit-Taking
XRP News

Crypto Market Update: XRP Surges as Major Assets Experience Profit-Taking

In the ever-evolving landscape of the cryptocurrency market, a recent report by European crypto-focused asset manager CoinShares has shed light on notable trends, including divergence in fund flows and significant activity within specific digital assets. Read Also: Shiba Inu (SHIB) Ignites a Burning Frenzy with Unprecedented 727,870% Surge in Token Burn Rate Fund Flows and Market Dynamics The report reveals a departure from the 11-week streak of consistent inflows into crypto investment products, with a minor outflow totalling $16 million. Despite this, the overall trading activity remains robust, reaching $3.6 billion in weekly total trading, significantly surpassing the year-to-date average of $1.6 billion. The United States experienced a noteworthy regional outflow of $18 millio...
XRP Poised for Bullish Surge: Dark Defender’s Cup and Handle Analysis Sets Short-Term Targets at $1.88″
XRP News

XRP Poised for Bullish Surge: Dark Defender’s Cup and Handle Analysis Sets Short-Term Targets at $1.88″

Renowned cryptocurrency analyst Dark Defender (@DefendDark) has highlighted a notable cup and handle pattern emerging on the daily chart of XRP, setting short-term targets as high as $1.88. The cup and handle pattern, a technical analysis formation in financial charts, signifies a bullish trend reversal. It involves a rounded bottom (cup) followed by a consolidation period (handle), suggesting potential upward price movement with a breakout typically occurring at the handle’s resistance level. https://twitter.com/DefendDark/status/1726878660752245220?s=19 The cup formation was initiated following Judge Torres’s July ruling in the U.S. Securities and Exchange Commission’s lawsuit against Ripple. This ruling was a significant victory for Ripple and the XRP community, as non-institut...
RippleX Vice President Discusses XRP Ledger Impressive Speed and Ongoing Improvements at Apex Dev Summit
Ripple News

RippleX Vice President Discusses XRP Ledger Impressive Speed and Ongoing Improvements at Apex Dev Summit

In a recent interview at the Apex Dev Summit in Amsterdam, Marcus Infranger, Vice President of RippleX Growth, shed light on the remarkable state of the XRP Ledger (XRPL) and the continuous developments in the XRPL ecosystem poised to strengthen its position in the blockchain industry. Scalability and Speed: XRPL's Key Strengths Infranger emphasized two critical aspects of XRPL's performance: interoperability and scalability. He lauded XRPL as one of the most scalable and efficient blockchain networks in existence. "Transactions happen in 3 to 5 seconds, very reliably for over a decade," he proudly stated. Read Also: Shiba Inu's Shibarium Gears Up for Significant Developments, Renouncing BONE Contract Marks Milestone Last October, SpendTheBits, a payment platform operating on XRPL,...
Xahau Whitepaper Unveiled, Promising Smart Contract Revolution for XRP Ledger
XRP News

Xahau Whitepaper Unveiled, Promising Smart Contract Revolution for XRP Ledger

In a recent development that has sent ripples of excitement throughout the XRP community, XRP Labs, in collaboration with GateHub, Alloy Networks, Evernode, and other prominent stakeholders, has unveiled the Xahau Whitepaper. This revolutionary document outlines the ambitious vision for the Xahau Ledger, a groundbreaking addition to the XRP ecosystem that promises to bring smart contract capabilities to the XRP Ledger (XRPL). Read Also: Shibarium Achieves Remarkable Milestone with One Million Transactions and 1.1 Million Wallets in Just Nine Days https://twitter.com/onXRPdotcom/status/1698774764565733835 Facts About Xahau The Xahau Ledger, at its core, builds upon the foundational elements of the XRPL, harnessing the power of the XRP Ledger Consensus Protocol to create a unique sid...