The collapse of Bitcoin from the $7,400 area down to a low of $3,900 and then rebounding to the $5,200 zone pulled down the other top-ten coins along with the rest of the crypto market.
The third largest currency, XRP, went deeper than usual and hit the $0.15 level, as per the data from CoinMarketCap.
This seems to have impacted XRP trading in corridors running on Ripple’s ODL platform, in particular – in Mexico, the Philippines and Australia.
On March 13, the Philippines corridor on the Coins.ph exchange showed what seemed to be a bug in the bot or a brief hold-up in trading.
This changed later on, returning the XRP Liquidity Index Bot back to normal.
However, if prior to the price fall, the XRP liquidity on Coins.ph had set new all-time highs several times in a row, now the gap between the current ATH and the current index value is quite large.
On these three platforms, XRP is striving to reach a new all-time, the first one after the XRP price crash.
Earlier, the trading guru Peter Brandt tweeted that the XRP price is going to fall ‘while space below’.