Ripple CTO David Schwartz explains that most XRPL meme coins rely on AMM liquidity pools with a fixed XRP exchange rate, making their prices move in tandem with XRP.
Notable XRPL meme coins such as 'XRP ARMY' have reached a market cap of $26.1 million, supported by liquidity pools around $2.09 million.
Independent factors like community hype, whale activity, and profit-taking can also affect the prices of XRPL meme coins, despite their close link to XRP.
Investors in XRPL meme coins need to monitor both XRP's price changes and meme coin-specific factors to make informed trading strategies.