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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

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