<ul><li>Ripple swiftly addresses an AMM glitch on the XRP Ledger, pausing deposits into AMM pools and advising the redemption of LP tokens.</li><li>RippleX, Orchestra Finance, and Tequ identify and aim to resolve liquidity routing issues, promising to restore AMM functionality with a crucial update.</li><li>XRP demonstrates market resilience, with the potential for a breakout or reversal tied closely to the resolution of Ripple&#39;s ongoing developments.</li></ul>In a recent development, the Ripple team has swiftly responded to a <a href="https://twitter.com/RippleXDev/status/1771680918895558913" rel="noopener noreferrer nofollow">technical glitch</a> within the Automated Market Maker (AMM) on the XRP Ledger, which has momentarily disrupted the normal trading activities for XRP traders. This hiccup has temporarily suspended fund deposits into AMM pools, with Ripple advising holders to redeem their <a href="https://cryptotale.org/ripples-xrp-ledger-amm-debate-sparks-concerns-and-solutions-report/" rel="noopener noreferrer nofollow">Liquidity Pool</a> (LP) tokens as a precautionary measure.The glitch was identified through a collaborative effort involving key members of the<a href="https://twitter.com/RippleXDev/status/1771961354297241930" rel="noopener noreferrer nofollow"> XRP Ledger community</a>, including RippleX, Orchestra Finance, and tequ. They pinpointed the issue to the AMM&#39;s liquidity routing mechanism, which failed under certain complex transaction scenarios, disrupting the seamless integration between the Decentralized Exchange (DEX) payment engine and the AMM pools and order books.In a recent X post, the platform revealed that Ripple&#39;s engineers have taken the helm in devising a fix for the glitch, ensuring the solution undergoes thorough testing and review before it&#39;s presented to the XRPLedger community for a vote. The adoption of this fix, marked for release as <a href="https://xrpl.org/blog/2024/amm-status-update" rel="noopener noreferrer nofollow">version 2.1.1</a>, is crucial for restoring the functionality of AMMs, thereby allowing the community to continue earning passive income through these mechanisms.<a href="https://cryptotale.org/ripple-rallies-to-resolve-xrpledger-glitch-aiming-for-xrp-market-stability/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Ripple Rallies to Resolve XRPLedger Glitch, Aiming for XRP Market Stability

CryptoTale

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