Ripple’s XRP indices fall to yearly low as remittances get hit

According to the Liquidity Index Bot, many liquidity indices were at a yearly low. Even though the direct relationship cannot be associated with the global remittance fallout to low liquidity in crypto remittances due to low volume, it may play a role since some of the Ripple clients are from traditional finance.

XRP/AUD and XRP/EUR also noted the reducing liquidity between June and July, and reach a yearly low. Along with the reverse ODL between Mexico and the US, the user also noted:

Timeline of Xrp