Ripple News Today – Ripple’s Australian ODL Records New All-time High While Ripple Moves Higher – June 2nd, 2020

XRP2
  • Ripple’s On-Demand Liquidity in Its Australian Corridor Reaches New All-time High
  • This Surge Shows that the More People and Firms are Ripple’s Solutions
  • Ripple Recovers Against the USD But Falls Against Bitcoin BTC 

Ripple News Today – About two months ago, as reported in our Ripple News, Ripple’s ODL corridors reached their all-time high at the same time. All three Ripple indexes surged in volume because the rate at which people were sending money through Ripple’s remittance channels increased significantly. The recent Ripple News shows that the ODL corridor in Australia has reached a new all-time high surpassing the all-time high that was set then. The ODL is increasing now because the number of firms that are leveraging Ripple’s ODL platform is increasing significantly. Ripple’s On-Demand Liquidity allows people to send money in real time using Ripple’s XRP token. The remittance is settled in real-time and it is much cheaper than traditional remittance methods.

Ripple News Today – Ripple’s ODL Platform is Taking the World By Storm

The latest Ripple news came to light right after a Liquidity Index Box posted the new all-time-high on Twitter. The XRP/AUD index reached 15.417 million on the 29th of May reflecting a 79% surge within a 24 hour period. The previous all-time high for the XRP/AUD index was 15.379 million. The daily index has been on the rise since the beginning of the year despite the surge in XRP inflation. Unfortunately, the rise in the XRP liquidity index has not led to any significant surge in the price of XRP. The XRP token is still not rising because the XRP inflation rate for the XRP token is still on the rise.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.00-0.80%

Keep in mind that there have been times when the XRP liquidity index recorded drops. For example, the liquidity index increased from January to April. However, in the last week of April and first week of May, the ODL volume fell at the same time that the Ripple XRP price crashed against the USD and Bitcoin. When the token started to recover, the indexes recovered along with it and it has continued to improve since then. The ODL has maintained an average of 5% rise weekly safe for this time when it surged to new all-time-highs.

Ripple XRP Price Prediction – XRP Price Starts to Recover But Bitcoin Leaves it Behind 

Today, the price of Ripple XRP has maintained bullish stamina for the last 24 hours. Even if the rate at which the token is rising isn’t significant, the token is still holding the line above $0.2000. At the time of writing, the price of Ripple XRP was trading at $0.211685. It is up by 3.31% against the USD and down by 2.45% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,786,601,443 and the market capitalization is $9,338,031,269.

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