XRP Gets More Popular, Demand Increases 97%! - Kakiforex.com - Financial Market Media No. 1 in the World XRP Gets More Popular, Demand Increases 97%! XRP Gets More Popular, Demand Increases 97%!

May 7, 2021

XRP Gets More Popular, Demand Increases 97%!

 In its latest report, Ripple revealed XRP’s record sales for the first quarter rose 97%.


XRP’s record sales have increased from the fourth quarter of 2020 at a total of $ 76.27 million to $ 150.34 million in the first quarter of 2021.


Ripple is aware that this increase in currency purchases is driven by the growth in demand for the services offered by RippleNet, On-Demand Liquidity (ODL).


CryptoCompare data shows the total sales made by Ripple have accounted for 0.07% of the global XRP total.



At the same time, a total of 3 billion XRPs were released from escrow holdings and 2.7 billion XRPs were returned into new escrow contracts.


The recent XRP price spike was also linked to the purchase of a 40% stake in cross-border payments firm, Tranglo aiming to expand its ODL services.


In fact, the number of wallets owning one million to 10 million XRPs has increased by 6.3% from 1,125 in the fourth quarter to 1,196 in the first quarter.


XRP prices have risen 648% over the past 12 months despite pressure from a Securities Exchange Commission (SEC) lawsuit. At the time of writing, XRP is trading at $ 1.56, down nearly 6% in 24 hours.