XRP Liquidity Index on Binance Falls to a New Low, Data Shows
CryptoQuant data cited in the report indicates XRP liquidity on Binance weakened during the recent price pullback, with the 30-day index falling to about 0.062.
XRP
Summary
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Terms & Concepts
Liquidity index: A market-depth measure showing how easily an asset can be traded without causing large price moves.
Turnover: A trading activity metric that reflects how frequently an asset changes hands over a given period.
Binance: A major cryptocurrency exchange where users trade digital assets including XRP.