XRP Liquidity Index Comes Close to 13 Mln – New All-Time High Achieved

News
Wed, 01/29/2020 - 17:14
Yuri Molchan
The XRP Liquidity Index on two major ODL corridors has set a new record, while an analyst gives a bullish prediction on the XRP price soon
Cover image via 123rf.com
Contents

The XRP liquidity index in Mexico and the Philippines has quickly surged again. On Bitso, the largest Mexican exchange, it has come real close to the 13-million mark, leaving the previous all-time high of 12,230,900 far behind.

Image via Twitter

XRP adoption increases

The new all-time high for the XRP Liquidity Index now totals 12,951,492. The new record on the Coins.ph exchange in the Philippines totals 2,441,561, having caught up with the current all-time high but not yet surpassing it.

Image via Twitter

Startup investor and XRP supporter Eric Dadoun comments on this XRP liquidity rise by saying that this is a daily use case for XRP outside of speculation and it certainly shows that adoption of the asset is gradually increasing.

Image via Twitter

XRP price expected to rise

While commenting on the XLM price, crypto analyst @CryptoMichNL stated that Stellar Lumens is likely to start off on the next rally soon, if Bitcoin keeps surging.

He adds that XRP should follow suit, along with ETH and ONT.

Image via Twitter

Related
XRP Tax Refunds Become Available for All American Taxpayers

Gargantuan amounts of XRP moved between exchanges

As recently reported by U.Today, after Brad Garlinghouse announced, during the World Economic Forum in Davos, Ripple’s plans to conduct an IPO at some point this year, XRP investors seem to have become more active.

The Whale Alert and XRPL Monitor accounts on Twitter have noticed giant amounts of XRP (in total) being moved between crypto exchanges and wallets with anonymous owners.

Recently, amounts of 93.5 mln and 23 mln XRP have been transferred.

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About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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