Ripple XRP price started its recovery this week. A leading catalyst driving the altcoin’s price recovery is the anticipation of an increase in buying pressure on the altcoin, XRP, with the Automated Market Maker (AMM) that is set to go live on the XRPLedger. Ripple released a new version of the XRPLedger (XRPL) early on Wednesday. The version, 1.12.0, has been released and all XRPL server operators are set to upgrade to the latest version to vote for amendments. XRP price is facing headwinds in its recovery this week. Ripple price faces resistances at the 200-, 100-, and 50-day SMAs. A decisive break below the midline of the channel at $0.4191 would invalidate the bullish outlook for XRP bulls.
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