Main navigation

137.5 Mln XRP Kicked Between Exchanges as XRP Liquidity Hits New ATH

Wed, 03/11/2020 - 11:43
article image
Yuri Molchan
A mammoth-sized amount of XRP was moved between anonymous wallets and crypto exchanges as the index of XRP liquidity in ODL corridors reaches a new all-time high
137.5 Mln XRP Kicked Between Exchanges as XRP Liquidity Hits New ATH
Cover image via
Read U.TODAY on
Google News

XRP keeps raising its liquidity in corridors working via ODL, making the asset more popular for transnational remittances. While the XRP liquidity continues growing and reaching new all-time highs, market players are showing their interest in the third largest coin and moving big XRP stashes around.

This, however, has not seemed to impact the XRP price in any way.

137.5 mln XRP on the move

The Twitter bot XRPL Monitor has detected several consecutive transactions of gargantuan amounts of XRP. Those total 137.5 mln – that’s $28,478,517 at the current rate.

Five transfers were conducted between unknown wallets and digital exchanges, including Bithumb, Triple Dice Exchange and Coinone. Each of the four transactions was no less than 20 mln XRP and only one carried 5.7 mln.

XRP transactions

New ATH for XRP flows via ODL

The ODL corridor in the Philippines working via the exchange has left the previous all-time high behind, reaching a new one - 7,597,709. XRP almost reached a new liquidity ATH in Australia too.

XRP liquidity

Previously, Ripple’s Bitso partner in Mexico was the first to break old records. Still, as earlier reported, the Bitso exchange is actively spreading Ripple’s ODL platform in Mexico, planning to significantly enlarge its share of the local remittance market.

Ripple Partners with One of Most Innovative Non-Profit Organizations

Community remains optimistic on XRP price

After ascending to over $0.30 earlier this year, the XRP price is currently floating at $0.20, as per data from CoinMarketCap.

XRP has been falling together with Bitcoin, as have other altcoins. Still, many in the XRP community remain bullish on their favorite digital asset.

Twitter user ‘The Cryptic Poet’ wrote on his social media page:

“Market goes down, everyone forgets everything they've learned about the #XRP. These temporary prices don't change the fundamentals. Be patient.”

He also urged the community to cheer up and reminded them of the big partners Ripple is working with.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at