XRP Ledger Expands Liquidity as 13M+ XRP Flows into AMM Pools

• Liquidity pools on the XRP Ledger are expanding amid growing adoption.
• XRP price remains in the spotlight as ecosystem trend signals rally ahead.

Liquidity within the XRP Ledger (XRPL) has increased substantially, following a growing demand for the Automated Market Maker (AMM) pools. These pools serve as an important source of liquidity for the XRP Ledger decentralized exchange. Thus, the surging liquidity into XRP is not without premise.

XRPL AMM Pools Surpasses 13M XRP

According to XRPScan, XRPL’s leading blockchain explorer, the total amount of XRP within AMM pools has crossed 13 million. Specifically, the value comes in at 13,286,516 million XRP, valued at almost $30 million at the current market price. 

The growing figure in XRP within AMM pools over the past few months suggests renewed interest in liquidity provision. This growth coincides with a drastic increase in AMM pools, reflecting users’ interest in pooled transactions. There are 18,468 active AMM pools on the XRP Ledger, with 17,059 total assets.

These growing numbers followed XRP’s impressive price performance and the RLUSD/XRP AMM pool launch. The pool pair went live on the XRP Ledger following approval of the latest AMM Clawback amendment validator update. As outlined in our recent blog post, the upgrade introduces new regulatory-focused rules governing liquidity pools to strengthen regulatory compliance.

Upon launching, the RLUSD/XRP AMM pool instantly gained traction among liquidity providers, continuing to the latest surge. The pair’s liquidity pool has risen to become the fourth largest on the network, with 671,272 XRP, equating to $1.52 million locked in. For clarity, the CRYPTO/XRP pool is now the largest XRP stake, with 3.8 million XRP ($8.7 million).

The spike in XRP locked in AMM pools shows the increasing interest in decentralized exchanges. It also emphasizes the community’s dedication to decentralized liquidity and trading solutions. AMMs are equipped with smart contracts and are important in facilitating smooth asset trades based on mathematical algorithms and supplying liquidity.

Reaction from XRP

Meanwhile, Marketcap data shows that the price of XRP at the time of writing is about $2.24. XRP has dropped by over 10% in the last 24 hours and declined by 14.2% in the last seven days. The coin also shows a bearish trend on the monthly chart, with a 28.1% drop. 

The latest decline resulted in XRP moving backward to the fourth spot in the market cap crypto hierarchy. The market capitalization now stands at $129 billion, following behind Tether’s $142.2 billion. 

Nonetheless, investor activity on the XRP continues to grow, as indicated by the rising trading volume. Within the past day, the trading volume skyrocketed by over 225% to $13.3 billion.

Moreover, several crypto participants and analysts think XRP is set for a bullish rally. In our last update we examined, one prominent investor controlling $140 million predicted that  XRP could hit $9 by 2025. This marks one of the many ambitious price forecasts for the third-largest coin.