Ripple Informs it Sold $129 Million Worth of XRP in Q4 2018
Ripple, one of the most popular companies in the crypto space has released new data regarding the last quarter of 2018. The information was released by Ripple a few hours ago.
One of the most important things is that the company sold $129.03 million worth of XRP in Q4 2018. In this way, during the whole of 2018, the company sold $535.56 million. That means that the sales made by the firm during the last quarter accounted for 0.24% of the global XRP volume.
In terms of volatility and volume, the company saw an overall settling of XRP volatility compared to the previous quarter. XRP’s volatility of daily returns was 5 percent, the lowest number registered since Q4 2016. Furthermore, the average XRP daily volume was $595.7 million, which is the highest quarterly average since the first quarter of 2018.
Furthermore, there are 30 new exchanges listing XRP all over the world. Now, there are more than 100 exchanges worldwide listing XRP. In the future, the number of companies adding support to XRP could keep growing.
Binance, one of the most popular digital currency exchanges in the market has also added XRP as a quote currency against Tron (TRX) and Zcoin (ZXC). This shows that there is a growing interest in using XRP as a base currency to transact funds between exchanges all over the world.
Since the beginning of the year, Ripple is releasing interesting information about the growth of its network. The company informed that they have reached 200 customers in more than 60 countries. Some of them are already working with the xRapid product that uses XRP for on-demand liquidity.
Some of the firms that are working with this solution are MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union, which will be using xRapid on behalf of their customers to create a new cross-border payment service.
At the time of writing this article, XRP is being traded around $0.314 and it has a market capitalization of $12.91 billion. During this last quarter, XRP was able to surpass Ethereum (ETH) as the second largest digital asset in the market. This shows that Ripple and XRP continue to grow amid a bear market that has affected the whole cryptocurrency space.
According to the cryptocurrency trader Peter Brandt, who predicted Bitcoin market crash at the beginning of January 2018, believes that XRP is ‘definitely coiling up.’
definitely coiling up pic.twitter.com/ixY4b6ysqx
— Peter Brandt (@PeterLBrandt) January 21, 2019
In the future, XRP could continue to grow and improve its performance in the market.