Ripple (XRPUSD)

[europa7]

"...What is an AMM, and Why is This Important?..."
https://cryptopotato.com/ripple-xrp-achieves-a-major-milestone-details-2/

"...AMM stands for an automated market maker. Their goal (and by extension, that of their pools) is to provide liquidity in the XRP ledger’s decentralized exchange. In essence, each pool consists of two assets, and users can swap between them at an exchange rate that’s set by a formula. Those who lock XRP in the pools are called liquidity providers, and in return for their stake, they receive LP tokens (yield) from the automated market maker.

Therefore, an increased stake in AMM pools generally signals rising investor confidence.

This is especially true, given that XRP’s price has been stagnating throughout the past few weeks, unable to make a considerable move in either direction. As CryptoPotato recently reported, the cryptocurrency seems to be on the verge of a massive move. This is because its price has been squeezed within the current range for too long, indicating a balance between buyers and sellers. This doesn’t usually last long..."

XRP Ledger Achieves Significant Milestone With Over 10 Million Tokens Locked
Jun 23, 2024
https://www.binance.com/es-MX/square/post/2024-06-23-xrp-ledger-achieves-significant-milestone-with-over-10-million-tokens-locked-9866183295041

XRP locked in AMM pools nears 4.5 million mark, Ripple awaits SEC response in lawsuit
May 5, 2024
https://www.mitrade.com/insights/news/live-news/article-3-155876-20240506

Ripple’s XRPL DeFi Surge: AMM Pools Exceed 315, Locked XRP Surpasses 2.2 Million
18 April 2024
https://cryptoadventure.com/ripples-xrpl-defi-surge-amm-pools-exceed-315-locked-xrp-surpasses-2-2-million/#google_vignette

Automated Market Makers
https://xrpl.org/docs/concepts/tokens/decentralized-exchange/automated-market-makers/
"...Automated Market Makers (AMMs) provide liquidity in the XRP Ledger's decentralized exchange. Each AMM holds a pool of two assets. You can swap between the two assets at an exchange rate set by a formula..."