RippleX, the open developer platform of Ripple [XRP], announced that the 'fixAMMOverflowOffer’ amendment has gone live
For the unfamiliar, the AMM stands for Automated Market Maker. On the XRPL, it serves as a smart contract for enhancing liquidity for assets on the ledger. It also adds a deflationary effect for XRP.of the ledger showed that ‘fixAMMOverflowOffer’ v2.1.1 had been enabled. Hence, the network might be able to handle large synthetic AMM offers which was previously a challenge.
On the other hand, if development activity improves, the token could have a chance at recovering. Like development activity, another metric at an underwhelming state was network growth.with a network. If the metric increases, it means that adoption is increasing as new entrants are making their first transactions.
Liquidation levels are predicted price levels where large liquidation events might happen. At press time, XRP lacked a high amount of liquidity between $0.60 and $0.61.
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