XRP price has started its recovery this week. One of the catalysts driving the altcoin’s price recovery is the anticipation of an increase in buying p
David Schwartz recently commented on an AMM going live on the XRPL, informing his 463,300 followers on X that he expects a short-term increase in buying pressure on the altcoin. An XRP community member shared his concerns on the likely decline in the altcoin’s price in the rebalancing of the AMM’s pools.holders. This could mean a short-term net increase in selling pressure. However, ideally, as AMM harvests yield, buying pressure could increase during price decreases.
In theory, an AMM should reduce volatility by selling into price increases and buying during price decreases, allowing for yield harvesting. price is facing headwinds in its recovery this week. Lockridge Okoth, crypto analyst at FXStreet, noted that XRP price successfully broke above a bearish falling channel. If XRP price continues to hold above this channel, it could flip the $0.4600 level into support.
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