- CEO of Ripple, recently said that the business has $1 billion in the bank.
- XRP is up 2.78% in the last 24 hours.
XRP sales at Ripple have risen by 46% in the last three months, according to the company’s Q4 report, which was released only recently. “On-Demand Liquidity” (ODL) clients accounted for over $1 billion in revenues in the fourth quarter. This proves that the company’s payment system is gaining traction.
More than 20 countries already accept ODL, which Ripple believes is a sign of growing demand for the product. XRP was also bought in the secondary market for $321.97 million.
Ripple said:
“Ripple has been a buyer of XRP in the secondary market and expects to continue to undertake purchases in the future at market prices as ODL continues to gain global momentum. Total sales by Ripple, net of purchases, ended the quarter at 43 bps of global XRP volume according to CryptoCompare TopTier (CCTT) volumes.”
No Programmatic Sales
Ripple sold $717 million worth of cryptocurrency in Q4 compared to $491.74 million in the previous quarter. XRP coins have not been sold to exchanges by the corporation since the fourth quarter of 2019, which implies it has not made any programmatic sales.
Read More: XRP Price Prediction
Brad Garlinghouse, CEO of Ripple, recently said that the business has $1 billion in the bank, which is the best financial position to date. The San Francisco-based distributed ledger firm has gained a value of $15 billion after a stock repurchase program.
According to CoinMarketCap, the XRP price today is $0.617465 USD with a 24-hour trading volume of $1,178,596,112 USD. XRP is up 2.78% in the last 24 hours.
