According to the Coins.Ph data, the liquidity index of the remittance-oriented cryptocurrency, has seen massive growth in recent times. The liquidity reached 1,261,268 on December 15. The Mexican cryptocurrency exchange Bitso showed a liquidity index of 9.7 million.
Ripple was mentioned by the US government.
Ripple and XRP recently made headlines after they got mentioned for the first time in a publication of the US government. The Consumer Financial Protection Bureau (CFPB), in its report, mentioned that Ripple and XRP are actively disrupting the remittance industry. The bureau mentioned that it is monitoring the remittance market and growth of SWIFT, and XRP has been quite vital over the last year. Earlier, Ripple CEO had said that they aim to overtake the SWIFT network, which is behind the majority of the world’s financial and security transfers.
XRP continues to trade below $0.2200
At the time of writing, XRP is trading at $0.2136. The price of XRP could continue to move down, and the bears might target $0.2000. Ripple’s XRP broke the support level of $0.2150 and traded at $0.2136. Currently, the third-largest cryptocurrency is following a downward trend. However, several experts have predicted that the price of the cryptocurrency will surge in the long-term. Earlier, one of the well-known investor, Tim Draper, predicted that the price of XRP would experience “explosive growth” in the coming time.