RIPPLE’s price could be about to receive a dramatic boost after XRP made an announcement that could be good news for investors as the cryptocurrency trades at $0.85, it has emerged.
According to a post on the firm’s site, released Wednesday, the company sold $167.7 million worth of XRP in the first three months of 2018, an increase of 83 percent compared to the previous quarter and of 2,400 percent compared to the first quarter of 2017. Ripple has long been closely associated with the open-source XRP Ledger, a technology on which it has built tools aimed at enterprise businesses.
The company further said direct sales of XRP totaled $16.6 million – a decline of 17 percent compared to the previous quarter. The total volume of XRP traded globally also increased markedly in Q1: volumes grew 68 percent to reach $160 billion for the period.
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