XRP holders breathed a collective sigh of relief as Ripple continues to pause sales of its native token. This equates to a total of six months in which the firm has not benefitted from “XRP dumping.”
The issue first gained traction around the end of 2019. Back then XRP investors claimed that “XRP dumping” (or “programmatic sales”) were causing a glut in supply resulting in price drops. This, claims the community, was the primary reason for poor price performance throughout the whole of last year.
While Ripple disputed these claims, the firm, starting last quarter, still bowed to community pressure and paused “programmatic sales”. The latest report from Ripple shows a continuation of this understanding.
Ripple Continues to Hold Off XRP Sales During 1st Quarter
Ripple published its Q1 2020 market report yesterday, giving an update on happenings at the firm, as well as the state of the XRP market.
Opening with commentary on the macroeconomic situation, Ripple draws attention to “Black Thursday” and the resultant test of safe-haven status for digital assets, including XRP.
Although Ripple acknowledges a recovery of sorts since then, the leadership remains cautious of how things may play out in the coming months and years, as a result of the virus situation.
“Given the recession and continued uncertainty about the extent of the long-term economic impact this global crisis will impose, we expect continued market volatility and a sustained test for crypto as to whether it performs as a ‘safe haven’ asset class.”
Analysis of Ripple’s sales shows Q1 2020 institutional direct sales (OTC) at $1.75 million. A marked decreased from the previous quarter at $13.08 million.
Taking into account Q3 2019‘s OTC sales ($50.12 million), quarter on quarter, there has been significant OTC sales decline. According to Ripple, OTC sales are used to build utility and liquidity in key regions.
As well as that, Ripple continues to uphold the pause on programmatic sales of XRP. The current quarter remains flat, as it was for Q4 2019. This is welcome news for XRP holders concerned about oversupply on exchanges.
Q1 2020 report. (Source: ripple.com)
Global Volumes Surge
Based on data from CryptoCompate Top Tier (CCTT), the average daily volume (ADV) of XRP for Q1 2020 was $322.66 million vs. $187.34 million for the previous quarter. This represents a 72% increase from Q4 2019, and a 63% increase on Q3 2019 (ADV of $198.10 million).
With that, not only are average daily volumes up, but the total XRP volume is also up. The report shows the total XRP volume at $29.68 billion for Q1 2020 vs. $17.24 for the previous quarter. This represents a 72% gain from Q4 2019.
Much of this success has been attributed to Ripple’s ODL service, which, according to Ripple continues to grow in transaction volume, as well as in terms of dollar value transacted.
“RippleNet’s On-Demand Liquidity (ODL) service tripled in transaction volume, and the dollar value transacted increased by more than 294%.”
Q1 2020 price and volume chart. (Source: ripple.com) origin »
Ripple has secured expanded regulatory approval in Singapore, strengthening its payments business in Asia just as XRP whale activity surges across spot markets. The move arrives during a challenging week for XRP’s price, but on-chain data suggests institutional-scale traders remain active.
A debate over the XRP Ledger’s (XRPL) economy model has ignited after Ripple’s Chief Technology Officer (CTO), David Schwartz, directly addressed questions about taxation on the blockchain. Critics have suggested that if XRP holders do not earn from the ecosystem, someone must be collecting a tax.
Key takeaways XRP is down 11% in the last seven days and risks dropping below $2.0 soon. The bearish performance comes despite the recent launch of the spot XRP ETF. XRP continues to underperform XRP, the native coin of the Ripple ecosystem, faced intense selling pressure at key support levels in recent days, as the […]
The post Ripple price forecast: Will XRP reclaim $2.5 soon? appeared first on CoinJournal.
XRP price remained in a bear market this week despite the strong launch of the first Ripple token exchange-traded fund in the United States. Ripple (XRP) was trading at $2.26 today, Nov. 15, down sharply from the year-to-date high of…
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Key takeaways XRP is down 7% in the last 24 hours and is now trading at $2. 2 per coin. The bearish performance comes as the broader crypto market undergoes a correction. XRP continues to decline despite Ripple’s efforts to accumulate more tokens XRP, the native coin of the Ripple ecosystem, has lost 7.
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Ripple strategist urges buying XRP now. We examine the call and why PayDax’s PDP, a utility-driven DeFi and RWA token, is being named as a rotation beneficiary.
The cryptocurrency market remains unstable, with Ripple (XRP) experiencing a decline of over 10% due to technical issues and concerns about regulatory compliance. Short-term technical pressure has led investors to seek alternatives with more potential, while RippleNet development and increased liquidity products continue to support XRP’s strength.
The XRP price prediction narrative is heating as XRP eyes a fresh breakout with renewed ETF momentum. While Ripple’s native token is making waves, another project is stealing headlines: Remittix (RTX).
Key Takeaways
Why is Ripple's CTO quitting?
He will remain with the team in an advisory role to have more time with his family.
How did XRP react?
XRP's price slipped after the update, but it raThe post All about Ripple CTO's exit and the impact on XRP's price appeared first on AMBCrypto.
The price of Ripple (XRP) is in the spotlight once again, with the argument among buyers whether Ripple can push towards the $5 mark in 2025. While it has been a veteran in blockchain payments for long, XRP has also been competing with newer projects to fill the same space. This has set the rumor […]
XRP price is sitting at about $2. 72, but one Bitcoin investor thinks it could make a huge leap all the way to $50. His argument isn’t based on hype or wild speculation. Instead, it comes down to a major regulatory move that could turn Ripple into a full-scale U.
Imagine staring at your wallet and seeing exactly 4,888 Ripple (XRP) tokens. That is the number Blockchain Crypto’s analyst used in his latest breakdown, and it is a scenario many holders can relate to.
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Key Takeaways
XRP whales are stepping in. The XRP/ETH ratio has bounced 4% after a steep 20% weekly drop. Could Ripple be gearing up to lead the next market rebound?
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Независимый блокчейн-детектив, известный под псевдонимом ZachXBT, рассказал, что криптовалюта XRP компании Ripple Labs остается непопулярной на фоне успехов других крупных альткоинов — даже несмотря на завершившиеся судебные споры Ripple с американскими властями.
Settlement confirms XRP is not a security in the US. Analysts see potential for a BlackRock XRP ETF. Bitcoin maximalists renew criticism of XRP. Ripple’s multi-year legal battle with the US Securities and Exchange Commission reached a decisive conclusion this week, triggering a sharp rally in XRP’s price and trading volume.
Семилетняя судебная сага между Комиссией по ценным бумагам и биржам США (SEC) и Ripple официально завершена. Обе стороны отказались от дальнейших апелляций, оставив в силе ключевое решение суда, согласно которому токен XRP не является ценной бумагой при продаже на вторичном рынке.
Key takeaways
Ripple and the SEC have officially ended their legal battle, locking in a $125 million penalty and banning certain institutional XRP sales. XRP price rallied on the news, driven by legaThe post Ripple vs.
Chris Larsen, the co-founder of Ripple, is once again in the spotlight after reports and on-chain data revealed he has been selling large amounts of XRP. According to research highlighted by Crypto X AiMan in a new video, Larsen has moved an estimated $344 million worth of XRP to exchanges since the start of 2025, […]
The post Ripple’s Co-Founder Is Selling XRP appeared first on CaptainAltcoin.
The long war between Ripple and the SEC is sputtering to an end, changing everything for XRP's future.
It all started in December 2020 when the agency accused Ripple of selling XRP as an illegal seThe post Where will XRP be by 2030? appeared first on AMBCrypto.
Ripple (XRP) has hit a new all-time high just a few days ago, and now the price is looking to its next direction, which could be a retracement or a continued bullish move. Some may wonder if it is still worth buying XRP again at this time based on all that is happening.
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Crypto markets staged a major turnaround on Tuesday as traders reacted to rising expectations of US interest-rate cuts and a surge in spot Bitcoin ETF activity following Vanguard’s decision to end its ban on Bitcoin ETF purchases.
The cryptocurrency market kicked off December with a downbeat mood as negative sentiments prevailed. At the same time, yesterday’s inflows data confirmed a divided landscape among leading spot exchange-traded funds (ETFs), which have become the primary indicator of institutional appetite in digital currencies.
The cryptocurrency market experienced a dip on Monday but instantly bounced back. Bitcoin briefly dropped to the $84k level but is now trading above $86k per coin. XRP, Ripple’s native coin, also dipped on Monday, but the $1.
Coinbase stock (NASDAQ: COIN) plummeted 5% in pre-market trading on Monday, as the crypto sector entered December under assault. Bitcoin shed more than 5% to trade below $86,600, while Ethereum collapsed 5.
