137.9 Mln XRP Moved by Ripple and Major Exchanges as XRP Liquidity Fails to Rise

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Fri, 04/24/2020 - 10:11
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Yuri Molchan
A report shows that almost 138 mln XRP has been moved involving Ripple and some big crypto exchanges. However, XRP liquidity still hasn't reach a new ATH
137.9 Mln XRP Moved by Ripple and Major Exchanges as XRP Liquidity Fails to Rise
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Data provided by the XRPL Monitor bot shows that over the past twenty-four hours, Ripple, along with some large cryptocurrency exchanges have moved 137.9 mln XRP. In traditional fiat that is $26,987,545.

About a quarter of that amount was transferred by blockchain decacorn Ripple.

Almost 138 mln XRP moved in lumps

XRPL Monitor reports that over the past nineteen hours, a gargantuan amount of XRP has been moved by the Bithumb and Bitbank crypto exchanges.

The funds were moved in eight transactions – 137.9 XRP all in all. The largest lump from those – 55 mln XRP – was transferred by the blockchain giant Ripple.

XRP
Image via Twitter

Analysts are bullish on XRP

XRP enthusiast and investor Robert Art remains bullish on XRP, as he always is, recalling the price of the coin back in 2016, how much XRP you could buy with $10,000 back then and comparing that to four and eight years ahead.

He predicts that by 2028 the third largest coin will surge in price so much that $10,000 will only be able to buy you 10-20 XRP, compared to 2016 when for the same amount investors could purchase 3,333,333 XRP.

Amsterdam-based crypto analyst Michael van de Poppe is also bullish, tweeting: “I'm long on $XRP.”

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XRP Liquidity indexes fail to reach new ATHs

Meanwhile, data from three Ripple-powered ODL corridors – in Mexico, Australia and the Philippines – shows that the XRP liquidity flows are not yet strong enough to break through the current all-time highs.

The largest ODL corridor set up by Ripple’s major partner MoneyGram with the Mexican Bitso exchange shows a gap of 9-mln between the existing ATH and the current liquidity index value.

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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 yuri.molchan@u.today.