XRP Price Drops After Three-Year Consolidation
The XRP token’s price recently dropped, marking the end of a three-year consolidation pattern, indicating a potential shift for investors. The price of XRP has been moving between tightly-defined trading levels for an extended period.
Larsen Confirms Theft of $120 Million in XRP,
Ripple Chairman Chris Larsen confirmed the theft of over $120 million worth of XRP from some of his personal accounts, which has contributed to the decrease in XRP’s price. The theft led to law enforcement and exchanges being notified, and efforts to freeze the stolen funds.
Controversial Feature for XRP Ledger Gets Approved
Validators on the XRP Ledger have been approving a controversial feature that will allow developers to reverse token transactions under specific circumstances, aiming to address fraud and help users regain access to their accounts after losing credentials.
New Automated Market Maker Platform for XRP Ledger
The XRP Ledger has also approved an upgrade to introduce a built-in automated market maker (AMM) trading platform, enabling XRP token holders to earn income on-chain.
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