In the deep bear market of Q4 alone the company sold $129 million, showing an even distribution across the year despite market trends.
While the figure of $129 million may shock both the lay person and seasoned investors alike, when looking deeper into the values in the Ripple XRP report, this number only accounts for 0.24% of the global trading volume of XRP – and this is only the known volume, not taking into account hidden OTC sales in 2018 – which have recently been predicted to be almost at the same figures as known volume.
The Ripple XRP Report Shows Huge Daily Volume Despite Bear Market
The average daily volume of Ripple during Q4 was $585 million, which the report states is the highest that it’s been since Q1 during the peak of the bull market. This shows that despite the current market trend XRP is fairing well.
The report also goes on to state that XRP is now listed on over 100 exchanges worldwide, which makes it one of the most readily available cryptocurrencies on the planet.
Breaking down the sales summary – the two key elements the report focused on were institutional direct sales – over the counter deals to large corporate or individual entities – and programmatic sales. In a comparison of Q3 and Q4 2018, the institutional sales went down dramatically from $98.06 million to $40.15 million – but judging by the total figure for 2018 of $171.71, it looks like Q3 was an exception to the rule, with that quarter taking over half the entire year’s institutional income.
Programmatic sales in grew from $65.25 million in Q3, up to $88.88 million in Q4 – but with a total yearly volume of $363.86 million, this isn’t an unusual figure.
XRP’s Global Yearly Volume Is Still Huge
The global yearly XRP volume rose from $38 billion in Q3 up to $54.8 billion in Q4, seeing the most dramatic rise, for a total of $298.46 billion total known trading volume for the year.
The report also states that the XRP daily volatility in Q4 was only 5%, which was the lowest since 2016.
Despite the current bear market conditions, Ripple and XRP seem to be faring well amid the storm compared to a majority of other currencies. Institutional investors make up a large part of the total volume and income for the company, which is a good sign of increasing institutional interest for 2019, and may even be a sign that as far as the cryptocurrency markets are concerned, the bottom’s truly in,a nd the institutions are ready to get involved.