Expert Predicts Ripple Will Launch Liquidity Pool for XRP on an Automated Market Maker (AMM)

Key Points
Cryptocurrency expert Anders has made a bold prediction that Ripple will introduce a liquidity pool for XRP using its rUSD stablecoin, which could benefit both assets.
This move is in line with Ripple’s DEX and ODL services, and coincides with a favorable period for stablecoins in the United States.
The price of XRP is on the rise, and analysts are hopeful that a liquidity pool could help XRP surpass resistance levels and reach $0.6 or higher.
In the world of cryptocurrency, strategic decisions are crucial.
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A seasoned crypto researcher named Anders recently made an intriguing forecast: Ripple, a significant player in the crypto sphere, is preparing to launch a revolutionary liquidity pool for XRP on an Automated Market Maker (AMM). What’s more, they intend to support this pool with their own USD stablecoin, rUSD.
Prediction: I believe Ripple will initiate a liquidity pool on the AMM.
rUSD – XRP
By issuing their own USD stablecoin, they could provide liquidity for both rUSD and XRP, making it highly liquid. This integrates well with the DEX now being part of ODL.
— Anders (@X__Anderson)
April 4, 2024
This strategic move not only increases liquidity for rUSD but also fortifies XRP, aligning perfectly with their integration of the Decentralized Exchange (DEX) with On-Demand Liquidity (ODL).
Perfect Timing: Uphold, ODL, and Regulatory Shifts
As discussions around a stablecoin bill gain traction in the US and Uphold steps in to facilitate ODL services, Ripple’s entrance into the stablecoin space couldn’t have come at a better time.
Anders astutely observes,
“Even if Ripple didn’t contribute, I would expect it to become the most liquid pool solely based on people’s awareness and participation.”
Even without direct involvement from Ripple, the anticipation of this undertaking could make this liquidity pool the most liquid of all.
The crypto community was buzzing when Ripple announced its venture into stablecoins. The impact was swift: XRP trading volumes surged by a notable 30%, as reported by TradingView data. In a market dominated by heavyweights like Bitcoin and Ethereum, the relevance of stablecoins is evident due to their relatively stable value.
Also Read:
Here’s How XRP Price will be Impacted from Ripple’s Stablecoin Launch
Ripple’s announcement injected much-needed positivity into XRP’s market sentiment. Despite experiencing a monthly decline of over 7%, Ripple’s strategic move could be the catalyst XRP needs to overcome crucial resistance levels and reach the coveted $0.60 mark and beyond.
XRP Technical Analysis
From a technical perspective, XRP appears poised for a significant breakthrough. Market analysts are eyeing the critical $0.62 threshold, anticipating a bullish surge for the asset. Beyond this milestone, ambitious targets of $0.65 and $0.69 loom on the horizon, supported by an optimistic outlook for XRP.
At the time of writing, XRP is hovering around the $0.58 mark, indicating a promising 3.6% increase in the past 24 hours. This surge represents the most substantial uptick the token has seen in a fortnight.
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Ripple News: XRP Price to Hit New ATH This Bull Rally?
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Ripple (XRP)