Ripple's quarterly XRP sales reduced by half |

Ripple’s quarterly XRP sales reduced by half

Peter Terlato 24 July 2018 NEWS

XRP volatility has diminished to a two and a half year low, while customer subscriptions continue to rise.

Payments startup Ripple has revealed that it sold less than half the amount of XRP during the second quarter of 2018, as it did in the first half of the year. The company also had its best quarter for customer signups.

As part of its Q2 XRP Markets Report 2018, Ripple announced that it sold $56.6 million XRP programmatically, representing just 12.5 basis points of total XRP volume traded globally during this period. Additionally, registered subsidiary XRP II sold $16.8 million XRP in direct sales. Combined, Ripple sold just $75.5 million XRP in Q2 2018, less than half (45%) of the $167.7 million sold during the previous quarter.

“It’s also important to note that despite Ripple having its best quarter ever in Q2 – in terms of customers signed – XRP’s price continued to decline with those of other digital assets, underscoring XRP’s independence from Ripple,” Cory Johnson and Miguel Vias noted in Ripple’s second quarterly XRP markets report 2018.

The report also noted that the XRP cryptocurrency was less volatile during Q2. The token’s 9% price decline was not dissimilar to bitcoin’s 8.2% fall over the same period. XRP’s market trading volume hit $45.3 billion.

Alternative digital assets ether and bitcoin cash outperformed XRP, up 14.8% and 9.3%, respectively.

XRP’s volatility has more than halved over the last six months, down from 13.8% in Q4 2017 to 5.7% in Q2 2018. This is the lowest XRP volatility measurement recorded in two and a half years.

Ripple unlocked three billion worth of XRP in Q2 2018, releasing one billion per month. These releases began after the company tied up 55 billion XRP in a cryptographically-secured escrow account in Q4 last year.

Earlier this month, Ripple had a third class-action lawsuit filed against the company for allegedly using its native cryptocurrency, XRP, as an unregistered security to fund the project’s business operations.

The week prior, the US Securities and Exchange Commission (SEC) officially stated that, as cryptocurrencies, bitcoin and ether were not recognized as tradeable securities under current federal government regulations.

Ripple’s distributed ledger, RippleNet, provides real-time messaging, plus financial clearing and settlements. Ripple has already signed over 100 partners who utilize its RippleNet blockchain.

XRP doubled its share of the overall market capitalization of all cryptocurrencies during the first quarter of the year, according to the latest financial reports released in April, a continuation of a trend first started in 2017.

You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news

Picture: Shutterstock

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site