Tuesday , May 11 2021

XRP Volatility Takes a Hit while Liquidity Increases as Exchange List Goes Over 100



XRP volatility takes a dip while average daily volume increases significantly reports Ripple in its quarterly report 4. Meanwhile, XRP liquidity is on the rise as total exchange counts move over 100. Catalyst Corporate announces plans for xRapid and XRP integration.


Over $ 40 Million Worth of XRP Sold to Institutions

In its latest report covering the quarter 4, Ripple has sold nearly $ 130 million worth of XRP, which accounted for 0.24 percent of the global XRP volume. While over half a million worth of XRP has been sold throughout the year of 2018.

"In addition, XRP II, LLC – a Ripple subsidiary that is a registered and licensed money service business (MSB) – has sold $ 40.15 million worth of XRP and institutional direct sales."

Meanwhile, three billion XRP was released out of escrow, out of which 2.4 billion XRP was returned and 600 million XRP were used to support the XRP ecosystem.

XRP Liquidity Increases while Volatility Takes a Dip

During this quarter, the XRP volatility dipped in comparison with the previous quarter, which, as the report puts it,

"XRP's volatility of daily returns was 5 percent – the lowest quarterly average since Q4 2016."

XRP 3-month price chart, Source: Coinmarketcap

While the average daily volume of XRP increased substantially to $ 595.7 million, which was the highest quarterly average since Q1 2018.

When it comes to liquidity, XRP added 30 new exchanges in Q4 that increased the number of exchanges. XRP is listed on, to more than 100. Another development came in the form of XRP as a base pair on nine exchanges where Binance, the world's largest crypto exchange was the biggest one.

Catalyst Corporate's Biggest Plan: Strategic Partnership with Ripple

Back in October 2018, Ripple made xRapid that uses XRP for on-demand liquidity commercially available. MercuryFX Cuallix and Catalyst Corporate Federal Credit Union were the first to sign on for using xRapid for cross-border payment service.

Recently, Catalyst shared its future plans for xRapid and XRP integration between Mexico and the US corridor.

"One of Catalyst Corporate's biggest plans in 2018 was the conclusion of a strategic partnership with Ripple. The leading provider of Blockchain solutions for companies in payment transactions, "said Kathy Garner, CEO of the Catalyst Corporate Federal Credit Union. "Our goal is to send international payments to Mexico via Ripple's blockchain solution. With this cooperation, known as "Currentz", secure cross-border money transfers can be completed within minutes. "

The company's COO, Brad Ganey believes Ripple has the potential to improve international payment transfers.

"Traditional international payment processing does not meet today's expectations in terms of price, speed and ease of use. Ripple's Blockchain technology and especially the xRapid product simultaneously solve all three challenges. "

Summary

XRP Volatility Takes a Hit while Liquidity Increases as Exchange List Goes Over 100

Article Name

XRP Volatility Takes a Hit while Liquidity Increases as Exchange List Goes Over 100

Description

XRP volatility takes a dip while average daily volume increases significantly reports Ripple in its quarterly report 4. Meanwhile, XRP liquidity is on the rise as total exchange counts move over 100. Catalyst Corporate announces plans for xRapid and XRP integration.

Author

Anjali Tyagi

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Coingape

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The presented content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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