According to CryptoPotato, Ripple is on the verge of a significant milestone as it prepares to integrate two new features with the upcoming XRPL upgrade. David Schwartz, the CTO of Ripple, has expressed excitement about the upgrade due to the features it will integrate. On September 7th, the company announced an update that will include the integration of an automated market maker (AMM) and a clawback feature.
The official announcement regarding the AMM states that XLS-30 will bring a native Automated Market Maker to the XRPL, integrating with the existing order book DEX to enable trading of digital assets in automated liquidity pools. This will allow developers to address a wider audience of DeFi stakeholders. The clawback feature, on the other hand, is designed to allow for an opt-in capability for newly issued assets to be clawed back through a trustline. It cannot be used to claw back XRP.
Data from XRPL Services reveals that the total accounts on XRPL are about to reach 5 million, currently standing at 4.78 million. The total XRP balance in these accounts is 58.6 million, while the total XRP in reserves is around 47.8 million. The owner reserves are 13.6 million. As the number of accounts continues to grow, XRP price predictions are also increasing. Some experts have laid down critical levels for XRP to consider on the way up to a massive price target of $7, while others have predicted a target of $500.