Do you know how much money is needed to move XRP's price bu just 2%? Let's find out!
Here’s How Much Money Can Move Ripple Price by 2% on Major ExchangesDo you know how much money is needed to move XRP’s price bu just 2%? Let’s find out!
In essence, it’s a way to gauge how liquid a certain cryptocurrency is and if its order book is healthy and can consume a certain number of orders. Starting with Binance – the world’s leading cryptocurrency exchange – to move the price of XRP by 2% in a positive direction, you need to execute a market order of $1.9 million. On the other hand, if you want to bring it down by the same amount, you have to sell $3.3 million worth of XRP at the time of this writing.
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