Ripple sales of XRP down by 74% in Q3 – Ripple News

Ripple published XRP's market report of Q3 2019, and the numbers do not look so good. The total XRP sales in the third quarter were $66.24 million as compared to $251.51 million in the previous quarter. Ripple blamed a significant increase in FUD for the decreased sale. The price of XRP declined by 35.4% in Q3.

Ripple sales of XRP saw a massive decline in the third quarter of this year. According to the report published by Ripple, the sale of XRP declined by 74% from the previous quarter. The company blamed an increase in FUD surrounding XRP was one of the main reasons for the decreased sale in this quarter.

The price of XRP also declined by 35.4% in Q3. According to the report, the overall market capitalization of the cryptocurrency decreased by 30.4% during the same period. The volume of XRP also decreased by 53% from $39.1 billion to $18.2 billion.

Ripple has been repeatedly accused of dumping XRP into the market for its own benefits, which in result, keeps XRP from gaining any upward momentum. But in the report, Ripple denied such claims. XRP is not like other cryptocurrencies as it is pre-mined, and Ripple has control over the majority of it. However, the company has repeatedly claimed that the cryptocurrency is totally decentralized.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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