XRP sales doubled in 2018

In a publication published on the Ripple official website, Corey Johnson and Miguel Vias provided a brief report on the company's financial position, demonstrating not only Ripple transparency, but also continued growth in a challenging and relatively discouraging market.

XRP (left) and Ripple (right) logos

In the third quarter of 2018, the XRP Market Report shows that Ripple managed to sell $ 163 million in XRP, despite the volatility and negative behavior of the entire market. According to the report, $ 65.27 million. The United States was sold by the company, and the rest were sold by a subsidiary registered as a business service (XRP II, LLC).

This shows that sales of the Ripple marker exceeded expectations of the previous quarter. While Q3 amounted to 163.33 million dollars. United States, Q2 reported a company inflow of $ 73.53 million. USA.

Ripple talks about her strategy to promote price stability

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Another important point is that Ripple processes XRP tokens to increase price stability .

The company has limited the number of circulating XRP. However, during the third quarter, part of the frozen funds was released at a constant rate. Of this amount, part of the funds was allocated to new escrow contracts and unspecified actions aimed at “supporting the XRP ecosystem”

“In the fourth quarter of 2017, Ripple blocked 55 billion XRP in a secret escrow account. Ripple created a lock to create confidence in the delivery of XRP at any given time. Because of this blocking, Ripple has access to only 13 percent of the total XRP in circulation. Ripple sales were a tiny part of this amount. In the third quarter of 2018, 3 billion XRP was again released from escrow (1 billion per month). 2.6 billion XRPs were subsequently included in new escrow contracts. The remaining 400 million XRPs that are not returned to escrow are used in various ways to help maintain the XRP ecosystem. ”

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XRP News: New Trend on Specialized Media

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In recent months, Ripple has been one of the companies with the largest media coverage in the ecosystem. His growing number of strategic partnerships has improved his image in the community .

In addition, the good news from XRP from the Swell conference and the release of xRapid allowed for a short time to increase its market capitalization to a number higher than Ethereum, demonstrating that Ripple has enough advantages to become the king of altcoins in a short time.

The XRP Ripple has been fairly stable over the past 2 weeks. After an abnormal price increase, the token fell to previous levels. Its price now hovers around $ 0.45. This trend of stability is similar to that for many other crypto-conversions.

Article translated and published: Leonid Shchekutev, analyst at Freedman Club Crypto News