On-Call for Liquidity (ODL) for XRP paired with the Australian buck reached a brand new all-time top of 15,640,530 AUD at the alternate BTC Markets.
In step with a contemporary tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — roughly 10.6 million USD — on June 2, exceeding the former ATH price. The XRP liquidity in Australian markets has noticed a somewhat stable upward push because the starting of 2020, regardless of the fee closing with reference to zero.20 USD since Might 10.
ODL community extra well-liked than ever
Cointelegraph reported Ripple’s ODL bills community tripled in transaction quantity over Q1 2020, whilst the USD price transacted the use of ODL higher by means of greater than 294%. Ripple used to be in a position to cut back its overall XRP gross sales from $13.08 million in This fall 2019 to $1.75 million in Q1 2020.
Token holders have described XRP liquidity because the “lifeblood of Ripple’s [ODL] for cross-border bills.”