Binance's XRP Scarcity Index Hits 20-Month Low
XRP price potentially affected by decreased scarcity index.
Binance's XRP scarcity index has reached a 20-month low, indicating that more tokens are available for trading on the platform. This development may have implications for the overall supply of XRP in the market and could potentially impact its price. The XRPSync data shows that the XRP/RLUSD price remains relatively stable at 1.5121 RLUSD with a minor increase of 0.08% over the past 24 hours. The on-ledger volume has seen an uptick, with 543,897 XRP traded in the last day and 5,408 trades recorded. The XRPSync validator continues to operate at a high level of uptime, maintaining ledger #107,335,739 with a 99.11% uptime rate.
Sources
CR Cryptonewscryptonews.com BE BeInCrypto
beincrypto.com
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