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