Wednesday, May 5, 2021

XRP Liquidity Index Closes On Recording New All-Time Highs as Chris Larsen Moves 20.6M XRP

For the past few days, the liquidity index of the third-largest digital currency by market capitalization, XRP, in the three focused corridors, has been low compared to its previous records.

However, things are beginning to turnaround for XRP liquidity in the three On-Demand Liquidity (ODL) platforms, Mexico’s Bitso, Australia’s BTC Markets, and Coins.ph Philippines, as monitored and reported by Liquidity Index Bot.

XRP Liquidity Index in Three ODL Platforms Closes On Recording New All-Time Highs

According to Liquidity Index Bot, the liquidity of XRP against Mexican Peso on Bitso has been experiencing a steady increase over the past few hours, opening the way for new records.

Going by the report, over a 28-day moving trend, XRP/MXN had day progress of 79%. In terms of liquidity, the pair recorded 30,625,761 against its all-time high of 33,537,077.

“Liquidity Index for Bitso XRP/MXN (28-day moving trend) Day progress: 79% Today so far: 30,625,761 All Time High: 33,537,077,” Liquidity Index Bot reported.

For Australia’s BTC Markets as reported by Liquidity Index Bot, XRP/AUD also had day progress of 79%. In terms of liquidity, the pair recorded 13,261,722 against its all-time high of 14,427,181.

“Liquidity Index for BTC Markets XRP/AUD (28-day moving trend) Day progress: 79% Today so far: 13,261,722 All Time High: 14,427,181,” Liquidity Index Bot Reported.

The last on the list is Philippines’ Coins.ph. According to Liquidity index Bot, with day progress of 79%, XRP/PHP recorded 9,652,859 against its all-time high of 11,508,218.

“Liquidity Index for Coins.ph XRP/PHP (28-day moving trend) Day progress: 79% Today so far: 9,652,859 All Time High: 11,508,218,” Liquidity Index Bot Reported.

So, if these pairs could maintain their liquidity trends, there is a possibility for new record highs in all the three ODL platforms mentioned above.

Ripple Co-Founder Chris Larsen Moves 20.6 Million XRP worth $4,163,260

A couple of hours ago, lots of transactions sending relatively 42 million XRP between crypto exchanges and unknown wallets were monitored and reported by XRPL Monitor, via its official Twitter handle.

According to the data from Bithomp official website as shared by XRPL Monitor, 20.6 million XRP of the aforementioned transactions, worth $4,163,260 at press time, was moved by the Ripple co-founder Chris Larsen to Bitstamp.

XRP Liquidity Index Closes On Recording All-Time Highs as Chris Larsen Moves 20M XRP

Source: Bithomp

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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