According to a statement on the company’s website:
“Ripple continued the pause of programmatic sales, focusing solely on our over-the-counter (OTC) sales with a few strategic partners, who are building XRP utility and liquidity in strategic regions including EMEA [Europe, the Middle East and Africa] and Asia,” The Q4 sales figures are the lowest since 2017. Overall trading volumes of XRP also declined slightly in Q4, at $17.24 billion as compared with $18.23 billion in the previous quarter.
According to Ripple:
“The average daily volume was reported at $187.34 million in Q4 versus $198.10 million in Q3, and below Q2’s reported $429.51 average daily volume,”
It’s a strong possibility that XRP’s 2020 rally could just be getting started, as investor confidence is likely to grow significantly if Ripple continues to lessen their quarterly sales. as the cryptocurrency has been able to climb from its recent lows of under $0.18 to highs of $0.25, before declining slightly to its current price of $0.226.
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