XRP price ranges below key resistance as Ripple issues a fix for its AMM glitch

Ripple is reviewing, testing and preparing a fix for the recent technical issue on the XRPLedger AMM. An amendment to the XRPLedger protocol needs to be voted in and supported by 80% of the participants within two weeks, for activation. XRP price is $0.62 on Wednesday, the altcoin is trading sideways below key resistance. XRP traders were affected by an issue in the Automated Market Maker on the XRPLedger.

The current state of XRP price is range bound and $0.75 is a key resistance for the altcoin. A key break past this level could push XRPLedger’s native token towards weekly resistance at $0.86, seen in the chart below. This is likely to kickstart a rally in the altcoin. Investors should be wary of long positions while XRP price is range bound. XRP price is expected to collect liquidity below $0.63, one more time, before it breaks out in the short term.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

XRP price resumes uptrend as Ripple faces AMM pool errorRipple identified a technical issue in a few of its Automated Market Maker (AMM) Liquidity Pools (LP) over the weekend, resulting in the failure of many transactions.
Source: FXStreetNews - 🏆 14. / 72 Read more »

XRPLedger AMM amendment passed with majority votes, XRP holders will earn passive income on this conditionAutomated Market Maker (AMM) is set to debut on the XRPLedger and XRP holders will have the opportunity to provide liquidity to the AMM and earn passive income.
Source: FXStreetNews - 🏆 14. / 72 Read more »