Ripple News Today – XRP Liquidity Indexes Test All-time Highs And COVID-19 May Be Responsible For The Growth – April 10th, 2020 

Ripple XRP Price Prediction
  • XRP Liquidity Indexes Reaches New All-time High.
  • Mexican Payment Corridor Sees A 170% Surge In Volume.
  • Ripple XRP Price Fails To Stay Above The $0.20 Level. 

Ripple News Today – We all know that Ripple XRP has three liquidity indexes; XRP/MXN, XRP/PHP, and XRP/AUD. According to the latest Ripple news, all three liquidity indexes for XRP have surged significantly over the last month. Yesterday, they all reached their all-time highs and analysts believe that the Coronavirus pandemic may be responsible for this surge.

Ripple News Today – Index Liquidity For XRP Have Almost Doubled Over The Last Month

Over the last 30 days, the volume of On-Demand Liquidity solutions for Ripple’s cross-border payments has surged significantly. This may have directly influenced the surge in volume for XRP indexes. The highest of all three indexes is the XRP/MXN index which reached its all-time high of 26.7 million XRP. This reflects a 170% surge in volume within the year alone. Last year, in partnership with MoneyGram, and Bitso, Ripple launched its ODL channel in Mexico. Since then, the XRP/MXN corridor has made significant progress. At the same time, the payment corridors in Australia and the Philippines have also maintained an upward trajectory.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
4
ripple
XRP(XRP)
$0.206
2.03%

The XRP indexes are reaching their all-time highs just as the COVID-19 crisis is reaching a tipping point. At the time of writing, more than four billion people were on lockdown in their homes. So, the demand for cross-border payment is on the rise. Let’s not forget about the migrant workers who have to send money home for their family this Easter. Ripple has been able to attend to the needs of its clients through remote work according to its CEO, Brad Garlinghouse.

Ripple XRP Price Analysis And Prediction

In other news, the price of XRP is having difficulty moving across the resistance at $0.20 which seems to be getting stronger by the hour. Yesterday, we said that XRP will be poised for higher highs if it can successfully cross this critical resistance and hold its ground above $0.20. Unfortunately, this hasn’t happened. It is currently trading in red at $0.191336 with a trading volume of $1,977,377,873 and a market capitalization of $8,414,740,654. It is down by about 4% against the USD and up by 0.99% against the price of Bitcoin which is also struggling against the USD at this time.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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