By Solomon Odunayo
According to the Bitso liquidity index tracker, the liquidity index of XRP against Mexican Peso has recorded a new all-time high.
This new development was reported via the official Twitter handle of by Liquidity Index Bot a few hours ago.
The liquidity of XRP endured the effect of the devastating price fall of cryptocurrencies in the market, which was attributed to coronavirus pandemic.
During the price fall, XRP liquidity in the three important corridors tracked by Liquidity Index Bot expectedly dipped below its all-time high.
However, there are indications that things are beginning to turnaround for XRP in the market, as XRP/MXN recorded a new all-time high some hours ago.
“Liquidity Index for Bitso XRP/MXN (28-day moving trend) Day progress: 92% Today so far: 20,915,920 All Time High: 20,415,825,” Liquidity Index Bot reported.
Liquidity Index for Bitso XRP/MXN (28-day moving trend)
Day progress: 92%
Today so far: 20,915,920
All Time High: 20,415,825
Data: https://t.co/v07j0Xh3s1 pic.twitter.com/1v1JoXQNgX— Liquidity Index Bot (@LiquidityB) April 2, 2020
Virtually all cryptocurrencies in the market are in the price surging mode at the moment, including Ripple’s digital token XRP. At the time of filing this report, XRP is trading at $0.180949, with a 2.36% price upsurge in the last 24 hours.
XRP Liquidity on BTC Markets and Coins.ph Approaches All-Time High
A closer look at the reports made available by Liquidity Index Bot, reveals that XRP liquidity on Australia’s BTC Markets and Philippines’ Coins.ph is on the verge of recording new all-time highs.
These are clear indications that XRP transaction on these corridors has started to maintain its usual standard, which would result in new milestones in the coming days.