The XRP Ledger, a public blockchain designed for fast and low-cost transfer of fiat currencies, XRP, and other digital assets, has achieved a significant milestone. Over 10 million XRP tokens have been locked in its automated market maker (AMM) pools, indicating a rise in investor confidence. Although this number has slightly decreased to approximately 8.9 million XRP tokens across nearly 600 AMM pools, it still reflects a notable increase in investor participation.

The automated market maker pools play a crucial role in providing liquidity in the XRPL's decentralized exchange. Each pool consists of two assets, allowing users to swap between them at a formula-determined exchange rate. Liquidity providers, who lock XRP in the pools, receive LP tokens (yield) from the AMM in return for their stake. Despite XRP's price stagnation over the past few weeks, the increased stake in AMM pools signals a rise in investor confidence, suggesting that the cryptocurrency is poised for a significant move.

The current equilibrium in XRP's price, squeezed within a narrow range for an extended period, indicates a balance between buyers and sellers. This balance is unlikely to persist, and the direction of the breakout will likely determine Ripple's trend in the mid-term. The increased investor confidence in XRP, as reflected in the AMM pools, may contribute to a potential price shift.

The XRP Ledger's milestone highlights the growing interest in decentralized finance (DeFi) and the importance of liquidity provision in these markets. As the XRPL continues to evolve, its automated market maker pools are likely to play an increasingly vital role in facilitating trades and providing liquidity.

In conclusion, the XRP Ledger's achievement of over 10 million XRP tokens locked in AMM pools marks a significant step forward for the platform and the broader DeFi ecosystem. As investor confidence grows, the potential for a significant price move increases, making XRP a cryptocurrency to watch in the coming weeks.