Ripple 1. Quarterly report in 2020 shows bullish trends for the XRP price

XRP-holders breathed a collective after Ripple paused, still on the sale of its native token. This is the equivalent of a total of six months in which the company has not benefited from the “XRP-Dumping”.The theme won against the end of 2019 for the first time, the importance of. At that time, the XRP investors claimed that “XRP-Dumping” (or “programmatic sales”) brought a flood of some of the Offer, which led to price reductions. To do so, the Community was the main reason for the poor price development of the XRP price during the last year.While Ripple rode these claims best, bowed to the company, however, the pressure of the Community and broke since the last quarter of its “programmatic sales”. The most recent report of Ripple reveals a continuation of this agreement.

Ripple keeps the XRP sales in 1. Quarter back

Ripple yesterday released its market report for the 1. Quarter of 2020, will contain an Update on what is happening in the organization, as well as about the state of the XRP market.Ripple starts off with a comment to the macro-economic Situation. The attention is in the report on the “Black Thursday” and the resulting Test of the Safe-haven Status for digital assets, including XRP, directed.Although Ripple gives a kind of rest since then, remains in the lead due to the virus and situation carefully to see how things might develop in the coming months and years.

In view of the recession and the continuing uncertainty about the extent of the long-term economic impact that will bring this global crisis, we expect continued market volatility and a continuing Test for crypto, whether it is a ’safe asset class‘.

The analysis of the sales of Ripple shows that the institutional direct sales (OTC) in the 1. Quarter of 2020 amounted to US $ 1.75 million. A significant decrease compared to the previous quarter of 13.08 million US dollars.Account is taken of the OTC sales in the third quarter of 2019 (50,12 millions of U.S. dollars) quarter-to-quarter comparison, there was a significant decline in OTC sales. According to the Ripple of the OTC is to be used-selling to the structure of the demand and liquidity in key regions.In addition, Ripple continues to break the programmatic sale of XRP. This is welcome news for XRP holders are concerned about an Oversupply of the stock exchanges.Quarterly report Q1 of Ripple (XRP). Source: ripple.com

Global volume-increase in XRP there

Based on data from CryptoCompate Top Tier (CCTT), average daily volume (ADV) of XRP in the first quarter of 2020 322,66 million US dollars compared to 187,34 million US dollars in the previous quarter. This corresponds to an increase of 72% compared to the fourth quarter of 2019, and an increase of 63% compared to the third quarter of 2019 (ADV of 198,10 million US dollars).This not only increased the average daily volume, but also the entire XRP volume. The report shows that the whole of XRP volume in the first quarter of 2020 29,68 billion US dollars, compared to a level of 17.24 billion U.S. dollars in the previous quarter. This represents an increase of 72% compared to Q4 2019.A large part of this success was attributed to the ODL service of Ripple that grows according to Ripple both in transaction volume and in relation to the processed dollar value.

The On-Demand Liquidity (ODL) service of RippleNet tripled the transaction eighth volume, and the value of the Dollar transactions grew by more than 294%.

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