XRP's Euro Cash-Out Route Showed Thin Liquidity on Nov. 8
A November 8 ledger snapshot showed only 96.80 EURGH available to direct XRP sellers on a new euro cash-out route. This points to a conversion limit before GateHub's announced SEPA redemption. Traders may see it as a sign of shallow liquidity for XRP sold directly into euros.
Why it matters
- The euro cash-out route had only 96.80 EURGH on offer to direct XRP sellers.
- The snapshot points to a conversion limit before GateHub's SEPA redemption is in place.
- Thin direct liquidity can make large XRP-to-euro sales harder to complete at a stable price.
What to watch next
Watch whether GateHub's SEPA redemption goes live and whether available liquidity on the euro route increases.
