Ripple Releases Q1 2018 Market Report - XRP Market Share Increases
- At the same time however the price of one XRP dropped from $1.91 to $0.51.

Ripple has released its market report for the first quarter of 2018.
160.0 billion USD worth of XRP was traded in Q1 2018. Of this, 16.6 million USD was purchased from XRP II, which is Ripple's South Carolina-based money service business, and $151.1 million was sold "programmatically," according to the report.
3 billion XRP was released from cryptographically-secured escrow during the quarter, divided equally between the 3 months. However 2.7 billion was put back into new escrow accounts. The remaining 300 million XRP is being used to invest in the network.
Ripple says that the total market capitalisation of all its digital assets is 263.5 billion USD, a fall of 56.3 percent from 603.7 billion USD at the beginning of the year.
The value of XRP was 1.91 USD at the beginning of the year and 0.51 USD at the end of the quarter, a fall of 73 percent. Ripple notes that this is representative of the price movement of the cryptocurrency market as a whole.
One factor which affected the value was the decision of the listing website coinmarketcap.com to remove all South Korean exchanges from its roster. Because XRP has a large share in that market, its displayed price dropped disproportionately when compared to other assets.
The report notes some exceptions, notably that while the total market capitalisation of all digital assets doubled between the dates 24/11/17 to 31/3/18, XRP's share of that capitalisation grew from 3.56 to 7.57 percent. This was partly due to its listing in 18 additional venues over that period so that now it can be accessed on 60 different cryptocurrency exchanges.
This positive result can also be explained by several new partnerships - in the first quarter of the year Ripple announced pilot schemes with Western Union, Cambridge Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term, MercuryFX, IDT and MoneyGram
Ripple has released its market report for the first quarter of 2018.
160.0 billion USD worth of XRP was traded in Q1 2018. Of this, 16.6 million USD was purchased from XRP II, which is Ripple's South Carolina-based money service business, and $151.1 million was sold "programmatically," according to the report.
3 billion XRP was released from cryptographically-secured escrow during the quarter, divided equally between the 3 months. However 2.7 billion was put back into new escrow accounts. The remaining 300 million XRP is being used to invest in the network.
Ripple says that the total market capitalisation of all its digital assets is 263.5 billion USD, a fall of 56.3 percent from 603.7 billion USD at the beginning of the year.
The value of XRP was 1.91 USD at the beginning of the year and 0.51 USD at the end of the quarter, a fall of 73 percent. Ripple notes that this is representative of the price movement of the cryptocurrency market as a whole.
One factor which affected the value was the decision of the listing website coinmarketcap.com to remove all South Korean exchanges from its roster. Because XRP has a large share in that market, its displayed price dropped disproportionately when compared to other assets.
The report notes some exceptions, notably that while the total market capitalisation of all digital assets doubled between the dates 24/11/17 to 31/3/18, XRP's share of that capitalisation grew from 3.56 to 7.57 percent. This was partly due to its listing in 18 additional venues over that period so that now it can be accessed on 60 different cryptocurrency exchanges.
This positive result can also be explained by several new partnerships - in the first quarter of the year Ripple announced pilot schemes with Western Union, Cambridge Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term, MercuryFX, IDT and MoneyGram