What is the XRP Liquid Index?
The XRP Liquid Index (XRPLX) is an index created by the Crypto Compare team and developed by Brave New Coin company to provide a real-time spot or reference rate for XRP prices, which is a native cryptocurrency available on the Ripple network.
The index is designed to be a fair and transparent benchmark for the price of XRP, and it is intended to be used by market participants for various purposes such as trading, pricing financial products, and risk management.
The XRP Liquid Index uses data from ten exchanges, including Kraken, Bitfinex, Binance, and Coinbase. This index gives investors a representative measure of the accurate and reliable price of XRP.
What is Ripple (XRP) Liquid Index?
The Ripple (XRP) Liquid Index is a measure of the price of XRP on the open market. This affects the current value of the XRP cryptocurrency and can help traders make decisions about when to buy or sell.