XRP Skyrockets 156% in Volume Amid $930 Million Crypto Bloodbath

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XRP ranks second most traded asset on South Korea's largest cryptocurrency exchange, Upbit, after only Bitcoin

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The slump resulted in the month's greatest leverage washout, liquidating over $930 million in leveraged derivatives trading positions across all digital assets, according tostatistics. Some $800 million of those bets were longs betting on price increases and were caught off guard by the unexpected market crash.As one of the oldest and most established cryptocurrencies, XRP continues to draw attention from traders and investors looking for exposure to digital assets.

The bug fix for the XRP Ledger's automated market maker feature was successfully integrated into the XRPL mainnet. This resolves an issue discovered on March 23 with an unexpected number of LPTokens in an AMM pool. In a blog post, Ripple’s VP of Engineering for RippleX Brad Chase presents a detailed analysis of the issue, the timeline of the bug fix, its impact, the lessons learned and the ongoing work to prevent similar issues from occurring in the future.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.

 

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