How is the XRP Liquid Index calculated?
The XRPLX index is calculated using a formula that incorporates the price and volume weighting from ten different exchanges. Each exchange’s contribution to the index is based on its pricing data as well as its liquidity. This daily calculation provides investors with a reliable, accurate, and up-to-date reference rate for Ripple prices across multiple exchanges.
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.