Ripple (XRP) Price Meaningless, Deep Liquidity Matters

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Ripple (XRP) has been trading on a bearish bent barely rising above the $0.33 price range. Some XRP investors who have been eyeing some returns with its price are getting a tad frustrated. Toughened XRP holders are, however telling them that tokens price does not matter in the face of platform’s increasing liquidity. Eric Dadoun, for instance, writes: “Very bullish seeing the liquidity impact of MoneyGram. Deep liquidity eventually enables real players (IE: banks). You can’t transfer meaningful fund sizes when the order books can’t support a fraction of it while remaining stable. XRP price is meaningless for now”. During MoneyGram’s Q2 2019 earnings call, CEO, Alex Holmes had a lot of praise for Ripple. Holmes touted the benefits of his company’s agreement with Ripple, saying that they were now transacting on xRapid. The CEO of the world’s second-largest money transfer firm said that they would keep their partnership with…

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