Q2 2020 XRP Markets Report

This article was first published on Insights – Ripple

Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements, such as Xpring and RippleNet partnerships, and commentary on previous quarter market developments. 

As an XRP holder, Ripple believes proactive communication and transparency are part of being a responsible stakeholder. Moreover, Ripple urges others in the industry to follow its lead to build trust, foster open communication and raise the bar, industry-wide.

Disciplined, Responsible Stakeholders: Continued Pause in XRP Programmatic Sales

In Q2 2020, total XRP sales were $32.55 million (USD) vs. $1.75 million the previous quarter. Ripple continued the pause of programmatic sales, focusing solely on its over-the-counter (OTC) sales as part of providing increased XRP liquidity to RippleNet’s On-Demand Liquidity (ODL) customers. This added liquidity is vital as ODL continues to evolve and expand into new corridors. 

A healthy, orderly XRP market is required to minimize cost and risk for customers, and Ripple plays a responsible role in the liquidity process. As more financial institutions leverage RippleNet’s ODL service, more liquidity is added into the XRP market. That said, Ripple has been a buyer in the secondary market and may continue to undertake purchases in the future at market prices.

Total sales (OTC-only, given programmatic pause) ended the quarter at 18 bps of CryptoCompare TopTier volumes. This is compared to total sales in the previous quarter (OTC-only, given programmatic pause) of 0.60 bps of CryptoCompare TopTier.

Sales Summary (dollars in millions)Q1 2020Q2 2020
Institutional direct sales (OTC)1.7532.55
Programmatic sales00
Total sales1.7532.55
Global XRP volume Q1 2020 Q2 2020
ADV XRP (dollars in millions)** 322.66 196....

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