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2019 Q4 Ripple XRP Sales Declined More Than 80 Percent

2019 Q4 Ripple XRP Sales Declined More Than 80 Percent

2019 Q4 Ripple XRP sales declined by 80.2%. The Q4 report highlights the continued pause in XRP programmatic sales, low volatility and a deeper immersion in escrow movements.

23 January, 2020 | AtoZ Markets –  Ripple, the blockchain payment firm managing XRP, has published its market quarterly report. The XRP ledger has closed over 51 million ledgers since its creation and is home to over 150 known validators, according to Q4 Ripple report. Many have claimed that the company “controls” the third-largest price of the crypto-asset. But Ripple in its report highlighted its transparency, claiming it has provided regular updates on the company’s point of view on the XRP market.

Ripple’s XRP Sales Decline Dramatically in Q4

Ripple had announced a more conservative volume benchmark for XRP sales in Q2 of 2019, which was reflected in Q4. It continued with this plan of action even in Q3 and Q4, also pausing its programmatic sales. The pause of XRP sales led to an 80.2% drop from the previous quarter. According to the Q4 report, total XRP sales were $ 13.08 million, compared to $ 66.24 million in Q3.

The company said that it has not resumed programmatic sales and has continued to focus on Over-the-Counter [OTC] sales. Its strategic partners were working to build the liquidity and utility of the XRP in tactical regions, including EMEA and Asia. It also added:

“Total sales (OTC only, given the programmatic break) ended the quarter at 8bps of CCTT. However, it compares with the total sales of the previous quarter (OTC+programmatic) of 36bps of CCTT, which represent a drop of 78% of the QoQ.”

Read More: 3 Reasons Why Ripple Price Hovers Above $0.20

Ripple moved from CoinMarketCap to CryptoCompare Top Tier [CCTT]. According to the data provided by Ripple’s website, the daily volume in Q4 fell compared to Q3 of 2019. Q4 report recorded an average daily volume of $187.34 million versus Q3 trading volume of $ 198.10 million. Besides, the volatility of XRP declined compared to the previous quarter and almost aligned with Bitcoin and Ethereum.

The XRP volatility of daily returns was over 3.1% in Q4 and 0.3% down from Q3. However, 2020 helped the currency rise above the $ 0.17 – $ 0.19 range. At the press time, XRP was trading at $ 0.2279, with a market cap of $ 9.8 billion.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

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