XRP market depth on Gemini holds steady despite falling demand

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Following a brief dip in XRP's 1% market depth on Gemini when the alt's price unexpectedly surged to $50, it has rebounded and stabilized.

his caused market makers on the exchange to momentarily stay their hands from trading until Gemini sorted the issue.on the exchange, Kaiko confirmed the availability of about 150,000 XRP for buying and selling within the 1% price range. This indicates that the supply and demand for XRP within this specific price range have become more balanced and stable on the cryptocurrency exchange.After the ruling was made on 13 July, XRP’s price rose.

According to Santiment, this metric measures the ratio between the current price and the average price of every coin/token acquired. The more the ratio increases, the more people will be willing to sell as the potential profits increase.However, as the alt’s price began its descent, the MVRV ratio steeply declined as well. As of this writing, it stood at 62.34%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in US

United States United States Latest News, United States United States Headlines