By Tobi Loba
The liquidity index of XRP on Mexico’s Bitso exchange, Australian’s BTC Markets, and on Philippine’s Coins.ph has recently attained a new all-time high.
These new milestones were recently recorded and reported by the Liquidity Index Bot on Twitter. The milestones were attained almost at the same time on the three exchanges.
This indicates a consistent increase in XRP transaction volume across all the exchanges, displaying the value of utilities embedded in the digital token XRP.
Liquidity of XRP/MXN Attains All-Time High on Bitso
According to Liquidity Index Bot, the Liquidity of XRP against Mexican Peso has recorded a new all-time high, with an increase of 2,272,878, when compared to the previous record.
The report is based on a 28-day moving trend, with Day progress of 17%.
“Liquidity Index for Bitso XRP/MXN (28-day moving trend) Day progress: 17% Today so far: 27,887,470 All Time High: 25,614,592,” Liquidity Index shared.
Liquidity Index for Bitso XRP/MXN (28-day moving trend)
Day progress: 17%
Today so far: 27,887,470
All Time High: 25,614,592
Data: https://t.co/v07j0WZs3r pic.twitter.com/TFoesNWN9w— Liquidity Index Bot (@LiquidityB) April 10, 2020
Liquidity Index for XRP/AUD on BTC Markets
Liquidity Index Bot also reported that the Liquidity of XRP against Australian Dollar recorded a new all-time high. The increase in liquidity when compared to the previous record is 1,762,335.
Liquidity Index shared this, “Liquidity Index for BTC Markets XRP/AUD (28-day moving trend) Day progress: 17% Today so far: 10,835,903 All Time High: 9,073,568.”
Liquidity Index for BTC Markets XRP/AUD (28-day moving trend)
Day progress: 17%
Today so far: 10,835,903
All Time High: 9,073,568
Data: https://t.co/zlBcWdi3Qg pic.twitter.com/CBWrVKJbpY— Liquidity Index Bot (@LiquidityB) April 10, 2020
Liquidity Index of XRP/PHP Records New All-Time High Coins.ph
Also, the liquidity of the digital token XRP against Philippine Peso on Coins.ph has recorded a new milestone. The increase in liquidity when compared to the previous all-time high is 2,805,417.
“Liquidity Index for Coins.ph XRP/PHP (28-day moving trend) Day progress: 17% Today so far: 10,797,537 All Time High: 7,992,120.”
Liquidity Index for https://t.co/raMbsEBOBb XRP/PHP (28-day moving trend)
Day progress: 17%
Today so far: 10,797,537
All Time High: 7,992,120
Data: https://t.co/cF3K6OJDRz pic.twitter.com/YMMNrlfEsU— Liquidity Index Bot (@LiquidityB) April 10, 2020
XRP’s Price Situation in the Market
Going by the chart on CoinMarketCap, XRP, the third largest cryptocurrency by market capitalization, has not experienced significant price growth over the past few days.
However, the digital currency is presently closer to breaking above $0.2 resistance level. At the time of writing, XRP is trading at $0.194674, with a relatively 2% price downtrend based on 24 hours estimation.
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