Ripple uncovered a technical snag within a subset of its Automated Market Maker (AMM) Liquidity Pools (LP) during the weekend, leading to the breakdown of numerous transactions. The organization urged users to exchange the LP tokens while Ripple's technical team diligently addressed the issue. Meanwhile, the value of XRP, the native digital currency linked to the payment structure established by Ripple, displayed a consistent upward trajectory, inching upwards to $0.63 on Monday.

In a recent update titled "Daily Digest Market Movers," Ripple confronted the challenge presented by the AMM pool error. A public announcement made by Ripple on Sunday revealed the identification of disparities in a few AMM pools, signifying that transactions were not processing as intended. Both Ripple's technical team and members from the XRP community have come together to rectify this issue. Additionally, Ripple advised its community against injecting fresh funds into AMM pools, recommending that those in possession of the LP tokens contemplate redeeming them. The payment behemoth acknowledged that this disparity affected the manner in which the DEX payment system directed liquidity across AMM pools and order books, particularly in intricate payment path scenarios. The measures aimed at addressing this technical hiccup will undergo an amendment voting procedure. Ripple promptly urged community participants to swiftly deactivate the deposit functionality, emphasizing the urgency of the matter in a dedicated tweet thread issued on X.

Analyzing the technical aspect, XRP's value managed to sustain its positive momentum on Monday, escalating by approximately 2% over the previous week. The altcoin clung steadfastly above $0.63, showcasing a pattern of ascending highs and lows since Friday on the 4-hour price chart. Noteworthy resistance levels loom at $0.6561 and $0.7025 on XRP's journey towards retracing its peak this year, recorded at $0.7440 on March 11. These resistance thresholds correspond to the 50% and 23.6% Fibonacci retracement levels stemming from the decline between the March 11 summit of $0.7440 and the March 20 low of $0.5681. Should the bullish trend persist, XRP could conceivably surpass the year's highest value and endeavor to bridge the Fair Value Gap (FVG) nestled between $0.7527 and $0.7609 on the 4-hour time frame. The Moving Average Convergence/Divergence (MACD) indicator reveals optimistic green bars positioned above the zero line, indicating a supportive upturn in XRP's momentum.

Conversely, a 4-hour closure of the candlestick beneath the $0.6057 mark, proximate to the psychologically significant threshold of $0.60, may trigger concern for XRP's valuation. Such a decline could potentially signify a reversal in the ongoing trend, following which XRP might locate solace at $0.60, followed by the low recorded on March 20 at $0.5681.