Express

Ripple's Liquidity Indices Have Fallen To Yearly Lows, May Be A Reaction To COVID-19

Emily Mason

Summary: Ripple's XRP liquidity indices have fallen to yearly lows, including the XRP MXN index which has dropped by 12 million since June 2020. However, XRP MXN's 24-hour volume has remained higher than others. Many Ripple clients are from traditional finance, so the liquidity decline could be linked to global remittance drops during COVID-19, as reported ...

Ripple's XRP liquidity indices have fallen to yearly lows, including the XRP MXN index which has dropped by 12 million since June 2020.

However, XRP MXN's 24-hour volume has remained higher than others. Many Ripple clients are from traditional finance, so the liquidity decline could be linked to global remittance drops during COVID-19, as reported by ambcrypto.

XRP/AUD, XRP/PHP, and XRP/EUR have behaved similarly with yearly liquidity lows, but high 24-hour volume numbers.

By Emily Mason

Last Update:

Tags: ,,
Link: Ripple's Liquidity Indices Have Fallen To Yearly Lows, May Be A Reaction To COVID-19   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 18 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago

    • You need to login to comment.