Explaining why XRP’s price fell below $0.60 despite RippleX’s update
XRP failed to react to the development despite its fundamental deflationary impact. Demand for the token decreased but the liquidations levels suggested a price increase. RippleX, the open development platform associated with Ripple (XRP), declared that an update called ‘fixAMMOverflowOffer’ has been implemented. This change allows the Automated Market Maker (AMM) to operate effectively on … Read more