{"id":561000,"date":"2023-11-17T00:05:07","date_gmt":"2023-11-17T00:05:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=561000"},"modified":"2024-06-11T07:56:46","modified_gmt":"2024-06-11T07:56:46","slug":"ripple-amms-to-xrpl-xrp-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-amms-to-xrpl-xrp-price\/","title":{"rendered":"Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price"},"content":{"rendered":"
Ripple Labs has announced plans to integrate Automated Market Makers (AMMs) into the XRP ledger. The decision has left the XRP community feeling uneasy, as they ponder the potential long-term effects of AMMs on the XRP price.\u00a0<\/span><\/p>\n Ripple, a global payments network provider has stated its <\/span>intentions to incorporate AMMs<\/span><\/a> into the XRP Ledger to help improve liquidity. The introduction of AMMs into the <\/span>XRP Ledger<\/span><\/a> is expected to further develop the <\/span>Ripple ecosystem <\/span><\/a>by providing enhanced trading efficiency and liquidity. The initiative also aligns with Ripple\u2019s efforts to continue to optimize and innovate its blockchain infrastructure and network.\u00a0<\/span><\/p>\n Although the announcement has been met with skepticism by the <\/span>XRP<\/span><\/a> community and the broader crypto space, Ripple has stated its desire to push forward its plans, looking at the bigger picture and potential success of AMMs in the ecosystem.\u00a0<\/span><\/p>\n Many crypto community members have expressed their concerns about the impacts of AMMs integrated into <\/span>XRPL<\/span><\/a>. Some members believe that the XRP price may be affected and cause the token to become stable. Other members have welcomed the announcement with enthusiasm, anticipating the positive effects the initiative would have on the <\/span>Ripple<\/span><\/a> ecosystem.\u00a0<\/span><\/p>\n An XRP community member and co-founder of Anodos Finance, Panos addressed concerns regarding the potential effect of AMMs on <\/span>XRP\u2019s price.<\/span><\/a> He stated that AMMs could increase buying pressure and liquidity on XRP while also improving its efficiency and adoption.\u00a0<\/span><\/p>\n \u201cXRPL AMM will potentially add buying pressure on XRP as a significant number is expected to be locked on the AMM, which will also increase the liquidity of XRP and will attract even more traders and will make XRP more efficient for more use cases,\u201d Panos stated.\u00a0<\/span><\/p>\n <\/p>\n Following the announcement of <\/span>AMMs being introduced into the XRP Ledger<\/span><\/a>, an X (formerly Twitter) influencer, Digital Perspectives PermaBull sparked a series of heated discussions in the XRP community regarding the effects of an AMM on <\/span>XRP\u2019s value.<\/span><\/a><\/p>\n The X influencer asked a series of controversial questions to the crypto community. One of the questions was if the introduction of AMMs and regulations established by the Bank for International Settlements (BIS) would end up transforming <\/span>XRP into a stablecoin<\/span><\/a> in the future.\u00a0<\/span><\/p>\n \u201cAre we watching XRP become a Stablecoin with the introduction of AMMs and the Prudential Treatment requirements from the BIS?\u201d the X influencer <\/span>stated<\/span><\/a>.\u00a0<\/span><\/p>\nAMMs To Be Integrated Into XRP Ledger<\/h2>\n
Bulls struggle to maintain control of price | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Community Probes Impact Of AMMs On XRP Price<\/h2>\n