Ripple releases the quarterly XRP Markets Report to provide transparency and updates on the XRP market, including programmatic and institutional sales, partnerships (e.g., Xpring, RippleNet), and market commentary. As a major XRP holder, Ripple emphasizes proactive communication to foster industry trust and accountability.
XRP Ledger Overview
The XRP Ledger is a decentralized, peer-to-peer cryptographic ledger housing XRP, a digital asset designed for global currency bridging. Created in 2012 with a fixed supply of 100 billion XRP, the supply gradually decreases due to transaction fees. Ripple holds a portion of XRP and conducts periodic sales.
Key Q3 2019 Highlights
- Sales Reduction: Ripple sold $66.24M XRP (73.7% decrease QoQ).
- Market Trends: Digital asset market cap fell 30.4%; XRP price declined 35.4%.
- Escrow Activity: 3B XRP released, 2.3B returned to escrow.
- Exchange Listings: XRP available on 140+ exchanges.
Sales Breakdown
| Category | Q2 2019 ($M) | Q3 2019 ($M) |
|------------------------|-------------|-------------|
| Institutional Sales | 106.87 | 50.12 |
| Programmatic Sales | 144.64 | 16.12 |
| Total Sales | 251.51 | 66.24 |
Market Performance
Volume & Volatility
- Daily Volume: Averaged **$198.10M** (vs. $429.51M in Q2).
- Volatility: XRP’s daily return volatility was 3.6% (lower than BTC’s 3.9% and ETH’s 4.3%).
Escrow Management
- 700M XRP unused in Q3 was held in operational wallets.
Addressing Misinformation
Common FUD Topics
"XRP Dumping" Allegations
- Bots amplified claims by 179% QoQ.
- Truth: Large transfers were between Ripple’s treasury/escrow accounts, not market distributions.
Price Manipulation
- 49% of conversations originated from bots.
- Truth: XRP trades independently on 140+ exchanges; Ripple cannot control prices.
👉 Learn how XRP’s utility compares to BTC
RippleNet & Xpring Updates
On-Demand Liquidity (ODL)
- ODL adoption grew 75% QoQ; transaction volume increased 5x.
- Acquisition: Team Algrim joined to enhance ODL development.
Xpring Developer Platform
- New integrations: BitPay partnership enables XRP payments for businesses.
- Investments: CoinMe (crypto ATMs) and Logos (DeFi projects).
Industry & Regulatory Developments
- UK FCA: Clarified XRP/ETH as non-securities.
- FedNow: U.S. real-time payments system announced.
- MasterCard: Acquired Nets’ A2A capabilities.
FAQ
Q: Why did Ripple reduce XRP sales?
A: To align with a conservative volume benchmark (CryptoCompare Top Tier) and prioritize strategic OTC partners.
Q: How does XRP’s speed compare to BTC?
A: XRP settles in 3.8 seconds vs. BTC’s 9.2 minutes, with lower fees ($0.0003 vs. $0.758).
Q: What is XRP’s inflation rate?
A: Negative—XRP is destroyed for transaction fees, unlike BTC/ETH.
Conclusion
Q3 emphasized Ripple’s disciplined XRP sales strategy and growing ODL adoption. The report underscores efforts to combat misinformation while advancing XRP utility.
For more details, explore our Q2 2019 report.