Ripple Insights Reports Show Increase In On-Demand Liquidity

According to a ripple insights report, we can see an increase in on-demand liquidity services and the company experiencing mixed growth in 2019 so let’s find out more in today’s xrp news.

The ripple insights report shows that Ripple’s on-demand liquidity services that facilitate the cross-border settlements saw huge growth. These services handled 550 percent more value in the last quarter of 2019 than they did in the third quarter. In raw transactions calculated, these services saw an increase of 290 percent. This growth happened mainly because of greater adoption and in less than a year, more than 24 financial companies signed on for the ODL including Interbank Peru, FlashFX and Viamericas.

Ripple’s most notable client is likely MoneyGram which started using Ripple’s services last August. This partnership was mostly successful in Mexico which is a market where MoneyGram is moving 10 percent of its volume through ODL.  Despite the increasing demand for these services, Ripple sold only a small chunk of XRP in Q4. Though this was mainly because of the change in measurements, Ripple also cut back its sales on purpose in order to act as a disciplined and responsible stakeholder. The company paused the programmatic sales in Q4 which caused sales in that category to fall to zero and in other separate category Ripple executed over-the-counter sales with a few strategic partners but reduced the sales as well.

The end result was that Ripple sold about $13 million XRP tokens in Q4 which represents a five-fold decrease from Q4 when it sold $66 million worth of XRP. XRP’s daily trading volume dropped to $187 million in Q4 and the daily volume of the token in the third quarter was $198 million compared to the daily volume in Q2 which was $430 million. These trends suggest that XRP is no longer the most wanted asset. However, Ripple seems to be releasing its XRP token into circulation slowly. It is still not clear whether this strategy will affect the prices in a good manner since, in the short term, XRP lost about 23 percent of the market value during the last quarter of 2019. Bitcoin only lost about 14 percent of its market value in the same period.