Ripple CTO Allays Fears Of XRP Price Drop When AMM Feature Launches
Summary
Ripple's CTO, David Schwartz, believes the AMM feature on the XRP Ledger will not significantly impact XRP's price due to the small scale of DEX trading activity. The AMM feature, expected to launch with Rippled version 1.12, has been delayed due to insufficient votes from validators. The update is now expected to take an additional week or two to be implemented. Currently, the XRP price is trading at around $0.5544, up almost 3% in the last 24 hours.
