The altcoin market is buzzing on January 30, 2025, as two major developments reshape the landscape for XRP and the broader digital asset ecosystem. The XRP Ledger activates a crucial amendment enabling automated market maker pools for Ripple’s RLUSD stablecoin, while Grayscale Investments moves to convert its XRP Trust into a spot exchange-traded fund — a filing that could open the floodgates for institutional XRP investment.
TL;DR
- XRP Ledger’s AMMClawback amendment (XLS-73d) goes live on January 30, enabling XRP/RLUSD AMM pools on the XRPL decentralized exchange
- Grayscale files with NYSE Arca to convert its XRP Trust into a spot XRP ETF via a 19b-4 filing
- XRP trades at approximately $3.12, posting modest gains amid growing DeFi capabilities on XRPL
- Ethereum holds above $3,200, Solana and Cardano also register gains as altcoin market rallies
- Total crypto market cap reaches $3.5 trillion, buoyed by the Fed’s dovish rate decision
AMMClawback Amendment Unlocks RLUSD Liquidity on XRPL
The XRP Ledger reaches a significant milestone on January 30 as the AMMClawback amendment, designated XLS-73d, officially goes live at 7:37 PM UTC after surpassing the required 80% validator consensus. The amendment enables tokens with clawback clauses — specifically Ripple USD (RLUSD) — to participate in automated market maker pools on the XRPL decentralized exchange.
Before this upgrade, RLUSD is unable to participate in AMM pools due to the clawback feature built into the stablecoin’s design. With the amendment activated, users can now create XRP/RLUSD liquidity pools, dramatically expanding trading opportunities and deepening liquidity on the XRPL DEX. XRPscan confirms the amendment’s activation following a 14-day voting period.
Ripple CTO David Schwartz celebrates the development, noting that the XRP/RLUSD AMM Pool is created on the XRPL DEX shortly after activation, with a total of four AMM pools going live. The upgrade represents a strategic step forward for Ripple as it seeks to position RLUSD as a competitive stablecoin in an increasingly crowded market dominated by Tether’s USDT and Circle’s USDC.
Grayscale Moves for Spot XRP ETF
In a parallel development that captures the attention of the entire crypto market, Grayscale Investments submits a request through NYSE Arca to convert its existing XRP Trust into a spot XRP exchange-traded fund. The 19b-4 filing, recorded on January 30, marks a significant escalation in the race to bring XRP-based investment products to U.S. markets.
Grayscale’s move comes amid a flurry of XRP ETF applications from multiple asset managers, including 21Shares and Franklin Templeton. Bloomberg analyst James Seyffart notes that such filings are part of a broader trend of crypto ETF applications following the successful launches of spot Bitcoin and Ethereum ETFs in 2024.
The filing signals growing institutional confidence in XRP following Ripple’s partial legal victory against the SEC in 2023, which established that XRP is not a security when sold on public exchanges. The regulatory clarity provided by that ruling is paving the way for traditional financial products tied to XRP’s price.
Broader Altcoin Market Rides the Wave
The positive momentum extends well beyond XRP. Ethereum holds firmly above $3,200 at $3,247, driven by the same macro catalysts that lift Bitcoin past $105,000 — specifically the Federal Reserve’s decision to hold rates steady and Chair Powell’s pro-crypto banking comments. Solana continues its strong run, while Cardano, Chainlink, Stellar, Toncoin, and Polkadot all post notable gains.
The altcoin market benefits from a rotation dynamic where investors, emboldened by Bitcoin’s recovery, begin allocating capital to higher-beta assets. The total crypto market capitalization reaches $3.5 trillion, reflecting broad-based participation across sectors — from DeFi protocols to Layer 1 blockchains and AI-related tokens like Bittensor and the Artificial Superintelligence Alliance.
Stablecoin markets also see increased activity, with RLUSD’s expanded capabilities positioning it to capture a growing share of on-chain liquidity. As more AMM pools come online on XRPL, the ecosystem’s total value locked is expected to grow, attracting yield-seeking investors and traders.
Why This Matters
The combination of XRPL’s AMMClawback activation and Grayscale’s XRP ETF filing represents a maturation of the altcoin ecosystem on multiple fronts. On the technology side, XRPL gains DeFi functionality that brings it closer to parity with competing chains like Ethereum and Solana. On the institutional side, the XRP ETF filing signals that the post-Ripple-vs-SEC regulatory landscape is opening new doors for altcoin investment products. Together, these developments suggest that 2025 could be the year altcoins graduate from speculative plays to legitimate components of diversified digital asset portfolios.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile. Always conduct your own research before making investment decisions. Past performance is not indicative of future results.
Grayscale filing a 19b-4 for spot XRP ETF with NYSE Arca. if approved it would be the first altcoin ETF. massive precedent
etf_trail_ first altcoin ETF would set a massive precedent. the SEC basically has no excuse left after Torres ruled XRP is not a security
grayscale going 19b-4 means they learned from the BTC ETF process. the SEC has less ammo to delay with the XRP legal clarity from the torres ruling
Grayscale going 19b-4 route after the BTC ETF learning process was smart. less room for SEC to stall. XRP has actual legal clarity now
Grayscale 19b-4 filing learned from the BTC ETF delays. XRP has actual legal clarity from Torres ruling so SEC has way less room to stall this time
Grayscale going 19b-4 instead of S-1 was the smart play. SEC ran out of delay tactics after Torres ruled XRP is not a security. spot ETF timeline is months not years
RLUSD AMM pools on the XRPL DEX is actually huge for Ripple. real DeFi functionality on a chain that most people still call centralized
rlusd_kep_rat 200k TVL on a chain with a 2T dollar market cap token. XRPL DeFi is a rounding error on Ripple marketing budget
XRP at 3.12 with a real ETF filing and AMM pools going live. never thought id see the day after years of SEC litigation
AMMClawback going live and Grayscale filing for spot XRP ETF in the same day. XRP holders eating good
XRP at $3.12 with an actual ETF filing. if this gets approved the ripple to everything else is gonna be wild
spot XRP ETF would legitimize the entire altcoin market. if ripple gets there before solana or cardano its going to be a massive narrative shift
RLUSD AMM pools finally giving XRPL DEX real volume. been waiting since the clawback amendment was first proposed, this is the actual DeFi use case XRP maxis been promising
XLS-73d passing with 80% validator consensus is a big deal for RLUSD liquidity. finally XRP DEX has something real to trade
Kwame RLUSD finally in AMM pools means XRPL DEX has real trading pairs now. the clawback feature was holding back stablecoin liquidity for months
dex_native_ RLUSD liquidity is tiny compared to USDC/USDT pairs on other chains. clawback feature was necessary for compliance but it scares away the big LPs
AMMClawback going live and Grayscale filing on the same day was peak XRP copium. both pumped the bag perfectly
LedgerSith_ both events pumped the bag perfectly is the most honest take in this thread. XRP runs on hype cycles not utility
RLUSD volume on the AMM was basically nothing for the first 3 weeks. the amendment was cool tech solving a liquidity problem that didnt exist yet
tiberiu_m totally agree. XRPL DEX volume was already tiny before the AMM pools launched. adding a clawback feature to a pool with 200k TVL is rearranging deck chairs
tiberiu_m rearranging deck chairs is perfect. 200k TVL on a pool that took 3 weeks to get any traction. XRP maxis celebrating a puddle
RLUSD AMM pool had 200k TVL for the first 3 weeks. the clawback feature was compliance theater for a liquidity puddle nobody was using
AMMClawback going live the same day Grayscale files for a spot XRP ETF. coordination or coincidence, those two events together moved XRP to $3.12
Liana D. 200k TVL on a new AMM pool is normal for week one. USDC on Uniswap v3 had 50k TVL for the first month. these things take time to bootstrap
AMMClawback enabling RLUSD pools on XRPL is actually huge for the DEX. problem is nobody uses the XRPL DEX because the UI is stuck in 2014
Grayscale converting the XRP Trust to an ETF after the SEC case proved Ripple is not a security. following the exact same playbook as GBTC. retail will buy the top again
^ the GBTC playbook took 6+ years and multiple rejections. anyone expecting a quick approval here hasnt been paying attention to the SEC