Ripple 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.
XRP Ledger’s Automated Market Makers experienced a technical glitch, leading to discrepancies in transactions. Ripple called community participants to vote on the amendment and act quickly to fix the error. XRP price sustained above $0.63 on Monday, maintaining its upward trend. Ripple identified a technical issue in a few of its Automated Market Maker Liquidity Pools over the weekend, resulting in the failure of many transactions.
Ripple called community participants to act quickly and close the deposit functionality, in their tweet thread on X. The issue has been identified – the discrepancy affected how the DEX payment engine routes liquidity through AMM pools and order books in some complex payment path scenarios. We’re reviewing the proposed fix now with the community , which… — RippleX March 24, 2024 Technical analysis: XRP price maintains uptrend on Monday XRP price increases nearly 2% on the weekly time frame.
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