Ripple XRP Sales Down 73% in Q3

 

Ripple published the Q3 XRP Markets Report. It contains updates of the quarterly sales, announcements of Xpring & RippleNet collaborations, observation of the market developments during the previous quarter, the official announcement reports.

As indicated, within the 3rd quarter the XRP sales have considerably been reduced for 73.7% setting $66.24 mln as a consequence of the Ripple plan to move to a more moderate volume of XRP sales.

During the last quarter, the XRP market cap has decreased for 30.4% and the value of XRP has reduced for 35.4% QoQ. During this period, 3 billion XRP were released out of cryptographic escrow (1 bln every month), 2.3 billion of which were returned to escrow. At present, XRP is listed on 140 exchanges around the world.

As reported, the daily average volume of XRP was $198.1 million compared with the $429.5 million of Q2, and the volatility was 3.6% (vs Q2’s 5%), on the basis of the reported volume by CCTT. As reported, the volatility of XRP was lower than the other top cryptocurrencies’ volatility (BTC’s volatility – 3.9%, ETH’s volatility – 4.3%).

Concluding, the Report noted that the stats are a sign of the crypto market ongoing growth and that Ripple will keep taking active steps to address disinformation and FUD, as they believe dynamic communication is part of being a responsible stakeholder.