The liquidity index of XRP cryptocurrency in Philippine has been growing at a very high rate in recent times, attaining another new all-time high.

According to data extracted from Ripple’s partner in Philippine, Coins.Ph, the liquidity index of the remittance-oriented cryptocurrency has been on rapid growth, presenting over 1.2 million on December 15.

As revealed by Liquidity Index Bot on Twitter the rapid surge in the liquidity of the cryptocurrency began on the first day of December 2019, where it surged from below 100,000 to above 400,000 within a day.

The liquidity index of XRP/PHP pair grew consecutively from 1.1 million in the last 14 hours to 1.2 million at press time with daily progress of 79%.

Liquidity Index for https://t.co/raMbsEkdJD XRP/PHP (28-day moving trend)

Day progress: 79%

Today so far: 1,261,268

All Time High: 1,115,088

Data: https://t.co/cF3K6P1fg9 pic.twitter.com/lJQgvexIEe — Liquidity Index Bot (@LiquidityB) December 15, 2019

XRP liquidity index on Bitso exchange surges past 9.7 Million

The liquidity index of XRP also attained new height on the Mexican cryptocurrency exchange Bitso.

The Ripple and MoneyGram partner in the Mexican On-Demand Liquidity corridor, Bitso, presented a liquidity index of over 9.7 million at press time, recording a new high since its establishment in 2018.

Bitso, where Ripple has an investment, is the largest crypto exchange in Mexico. The daily progress of XRP liquidity index on the Mexican exchange was recoded to be 79%.

Liquidity Index for https://t.co/raMbsEkdJD XRP/PHP (28-day moving trend)

Day progress: 79%

Today so far: 1,261,268

All Time High: 1,115,088

Data: https://t.co/cF3K6P1fg9 pic.twitter.com/lJQgvexIEe — Liquidity Index Bot (@LiquidityB) December 15, 2019

Ripple and its native token, XRP, has introduced new developments into the remittance industry with continued growth, and a US government agency has also testified to this.