XRP Price Expected to Hit $0.30 As XRP Liquidity Index Keeps Growing

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Tue, 02/11/2020 - 10:19
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    XRP fans keep predicting an upcoming rise to $0.30 despite pullback, while the XRP Liquidity Index on the Mexican exchange Bitso keeps rising

XRP Price Expected to Hit $0.30 As XRP Liquidity Index Keeps Growing

After the recent XRP price peak ($0.2869 on February 9), quotes of the third-largest cryptocurrency began sliding on Monday and went below the $0.28 level, while the community expected XRP to retake $0.30.

At press time, XRP is exchanging hands at $0.2707, however, one Ripple fan who often shares XRP charts still expects the coin to finally overtake the $0.30 price mark in the short term.

XRP CMC

Meanwhile, the XRP Liquidity Index in Mexico and the three other corridors monitored by this Twitter bot keeps rising, setting new all-time highs.

‘XRP slingshot coming’

XRP enthusiast @gordongekko369 believes that Ripple’s XRP is on its way to the $0.30 level from the current $0.27 spot, saying:

XRP 1

However, crypto trader @CryptoCapo_ offers the opposite scenario, assuming that XRP is about to start a major decline well below $0.20 – down to $0.13.

XRP 2

The community, though, seems to like the bullish scenario much more.

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XRP liquidity rises

The Twitter bot reporting the movements of the XRP Liquidity Index on three of Ripple’s ODL corridors (Mexico, the Philippines and Australia) has published a chart showing the XRP/MXN pair on the brink of another high, which would leave the previous ATH behind.

As a result of the 29-percent trading so far today, the liquidity index already totals 17,499,564, quickly approaching the previous high of 18,382,062.

XRP/MXN

 

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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.

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