- Ripple and Major Exchanges Move 137 Million XRP Tokens Across Wallets.
- XRP Liquidity Index Doesn’t Retest Recent All-time High Despite the Major Transactions.
- Ripple XRP Fails to Test the $0.200 Level Despite the Positive Trend in the Altcoin Market.
Ripple News Today – A few weeks ago, as reported by smartereum.com, the XRP liquidity index reached its all-time high in its three payment corridors in Mexico, Australia, and the Philippines. The rise in liquidity was directly due to the surge in cross-border transactions in the days before Easter. The Coronavirus pandemic also influenced the liquidity index because people who were supposed to travel home for the holidays had to stay back due to travel restrictions. So, they had to send money to their families and friends abroad.
Ripple News Today – Ripple And Other Exchanges Move 137 Million XRP Tokens But The Liquidity Index Didn’t Bulge
Yesterday, in eight different transactions, 137 Million XRP tokens were moved by Ripple and other major exchanges. The transactions were posted by XRPL Monitor and they are equivalent to $26,987,545. Almost 55 million tokens were sent from Ripple while the rest were sent from Bithumb and Bitbank. The liquidity index of the XRP token in the designated corridors didn’t flow past its recent all-time high.
XRP (XRP) Price Today – XRP / USD
In other news, over the last few days, the price of altcoins have been bullish against the USD. XRP joined the price rally but it didn’t gain significantly. The token failed to test the resistance at $0.22. Against the Bitcoin BTC token, XRP was underperforming. At the time of writing, the price of XRP was $0.196257. This shows that it is up by 0.18% against the USD and down by 0.37% against the price of BTC. The trading volume over a 24 hour period is $1,802,648,162 and the market capitalization is $8,652,913,492.
Many analysts have said that the future is bright for XRP. Famous investor, Robert Art, has maintained his bullish stance on XRP despite the negative price action of the token. He said that by 2028, $10,000 will be used to buy just 10 – 20 XRP tokens. He compared his prediction to the price of XRP in 2016. At the time, $10,000 could get buyers over 3 million XRP tokens. It’s difficult to see the price of XRP making any significant price surge this year and even in the long run. Members of the XRP community are leaving every day so things aren’t looking up for the token. Making long-term predictions for XRP is a long-short in any case.