- Ripple’s XRP Liquidity Index increases Past 9 Million
- XRP gets its first mention from the U.S government
- Massive XRP transactions keep disturbing the community
The Liquidity Index for Ripple’s native token XRP in Mexico increases with another million. Ripple’s native token liquidity linked with MXN has attained another level of an all-time high of 9 million. This has taken the adoption of the XRP token to a whole new level.
The Ripple-invested Mexican Bitso exchange is a partner of Ripple and MoneyGram in the Mexican On-Demand Liquidity (ODL) channel launched this year. Bitso is the biggest Mexican exchange and its involvement in the Ripple and MoneyGram’s project has so far been successful. Since the partnership, the liquidity index for the XRP/MXN pair is developing swiftly, leaving behind one all-time high after another.
Ripple Price Prediction – XRP Price Prediction
On December 14, the liquidity index took another new level and got over the 9 million levels with the daily growth being 92%. The previous highest liquidity level attained was a bit under 8,568,000. Commenting on this, @LiquidityB on Twitter stated: “Liquidity Index for Bitso XRP/MXN (28-day moving trend). Day progress: 92%. Today so far: 9,095,160. All-Time High: 8,567,141”
In the same light, another active ODL channel leads to the Philippines via the local Coin. Ph exchange and its Liquidity index for the first time have also surged.
Massive XRP Transactions Keep Disturbing the Community
Of recent, there have been reports of large transactions of the XRP token by anonymous accounts. This was noticed by a Twitter user with the username Whale Alert, who stated that a sum of 150 million XRP was transferred from one unknown account to another. Several users in the XRP community often criticize those who indulge in this kind of transaction. Despite Ripple receiving the biggest share of criticism, monthly Ripple frees 1 billion XRP from its escrow account. The community claims that these dumps harm the price of the token.
XRP Gets Its First Mention From the U.S Government
Ripple gets its first mention ever from the U.S government since its inception. The U.S governmental agency, the Consumer Financial Protection Bureau (CFPB), for the first time in history named XRP in its document. The document states that the asset is a trustworthy remittance means which makes the processing of transactions swift and affordable for companies that have a restriction on carrying out money transfers yearly.
XRP (XRP) Price Today – XRP / USD
According to the document, the CFPB termed Ripple and its native token XRP a safe harbor. Stating further, the agency also called Ripple one of the disruptors of the remittance industry, commenting on the new SWIFT’s GPI system, an opponent of Ripple.