Ripple sold masses of XRP in 2018

In a recent report published by Ripple, it shows the selling price of the company by XRP. The highlight of the report shows a sharp increase from year to year on the number of institutional participants who buy XRP.

Overall, Ripple sold just over $ 180 million worth of XRP in 2017 and, according to the report, this figure would have jumped significantly to $ 535 million in 2018.

Of this $ 535 million, the company sold more than $ 170 million XRP directly to institutions. The rest of the digital tokens were sold programmatically to cryptographic switches as well as to other companies that had to enter into agreements with Ripple beforehand. The report published by Ripple badyzes the correlation of XRP with the two other crypto-currencies of the first three, Ethereum and Bitcoin.

"In Q4, we witnessed a global settlement of the volatility of the XRP compared to previous quarters. The volatility of the XRP's daily returns was 5%, which is the lowest quarterly average since the fourth quarter of 2016. Conversely, we saw a substantial increase in the average daily volume of the XRP. The average daily volume of XRP was $ 595.7 million – the highest quarterly average since the first quarter of 2018. Also, by the end of the fourth quarter, its correlation with leading digital badets returned to the observed high levels of the end of the first quarter of 2018 to the beginning of the third quarter of 2018. "

In addition, Ripple said that more than 30 new cryptographic exchanges had registered the second largest cryptocurrency in the fourth quarter of last year, bringing the total number of exchanges using the XRP protocol to more than 100.

Ripple holds 60% of the total XRP offer, much of which is blocked. Although, as stated in the report, "In the fourth quarter of 2018, three billion XRP were again released (one billion per month). XRP 2.4 billion was returned and then pbaded into new escrow contracts. The remaining $ 600 million of XRP not returned to the escrow is used in different ways to help support the XRP ecosystem, including the RippleNet Accelerator program and investments in Xpring such as Securitize. "

In terms of price, the XRP is currently worth $ 0.31 after an increase of 0.01% in the last 24 hours. The digital badet also has a market capitalization of $ 12,976,042,871.

What are your thoughts? Tell us what you think down in the comments!