Ripple (XRP) is getting heat these days as new price predictions are circulating in the market. In addition to that, Ripple has recently announced the upcoming update which is going to add worth to the existing value of the Ripple.
This new update is disclosed amid the different price predictions of XRP which is going to be bullish in the coming days. Hence, it is more likely for Ripple Labs to achieve a new milestone and interest in the crypto community due to its upcoming price and update.
Ripple’s Upcoming New Features
David Schwartz, the Chief Technology Officer (CTO) of Ripple Labs has been very excited about Ripple’s update. He showed his excitement and quoted on various occasions about the new features to be integrated with the new update.
On the 7th of September 2023, Ripple officially announced the new update and disclosed the new features. The update is going to add two new features to the existing framework, the clawback feature and the AMM (automated market maker) feature.
XLS-30 feature will be added as the native AMM to be integrated with DEX, the existing order book. It would enable traders to trade their digital assets in automated liquidity pools within a broader market of DeFi stakeholders. While clawback feature is going to ease the customers with an opt-in capability for assets which newly issued and can be clawed back by means of trustline. It was disclosed it is to claw back the newly issued digital assets instead of XRP.
XRP’s New Milestone and its Price Prediction
XRPL’s data shows that XRP is currently lying at 4.78M and it is more likely to cross 5M in the coming days. The total XRP in the reserves is approximately 47.8 million while in accounts is 58.6M. As the number of XRP’s accounts is rising day by day, it is more likely that XRP’s price show dynamic growth as well. Experts believe that XRP’s price is expected to hit $7.
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