Ripple Reports Surge in Demand for XRP during Q1 2021
- The company’s total XRP sales nearly doubled during the first three months of 2021.

According to the official announcement, global XRP volume jumped significantly during the first quarter of this year. Ripple mentioned the role of key on-demand liquidity (ODL) customers in the recent surge of XRP sales.
During the last quarter, Ripple accelerated its global expansion through several partnerships with companies around the world. The blockchain firm acquired a 40% stake in Tranglo, one of Asia’s leading cross-border payment firms. During a recent interview with Reuters, Ripple CEO Brad Garlinghouse mentioned that the company is growing in Asia, and the activity of XRP liquidity (XRPL) has increased significantly in the region.
“Ripple continued to engage in sales to support ODL and key infrastructure partners as part of providing increased XRPL to improve the ODL experience of certain customers, eliminating the need for pre-funding and enabling instant 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. Total sales by Ripple, net of purchases, ended the quarter at 7 bps or 0.07% of global XRP volume according to CryptoCompare TopTier (CCTT) volumes,” Ripple mentioned in the official announcement.
XRP Accumulation
During the latest report, Ripple highlighted a significant spike in the number of whale addresses. The company mentioned that the number of wallets holding between 1 million and 10 million XRP increased from 1,125 to 1,196 during the first quarter. According to the company, 319 crypto wallets are holding at least 10 million XRP.
Since the start of this year, crypto whales have accelerated the movement of the world’s fifth-largest cryptocurrency in large amounts. According to crypto analytics firm Whale Alert, a leading XRP whale account moved 6 million coins from digital exchange, Kraken to an unknown crypto wallet on 6 May at 16:23 UTC. As of writing, the world's fifth-largest digital currency is trading near $1.57.
According to the official announcement, global XRP volume jumped significantly during the first quarter of this year. Ripple mentioned the role of key on-demand liquidity (ODL) customers in the recent surge of XRP sales.
During the last quarter, Ripple accelerated its global expansion through several partnerships with companies around the world. The blockchain firm acquired a 40% stake in Tranglo, one of Asia’s leading cross-border payment firms. During a recent interview with Reuters, Ripple CEO Brad Garlinghouse mentioned that the company is growing in Asia, and the activity of XRP liquidity (XRPL) has increased significantly in the region.
“Ripple continued to engage in sales to support ODL and key infrastructure partners as part of providing increased XRPL to improve the ODL experience of certain customers, eliminating the need for pre-funding and enabling instant 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. Total sales by Ripple, net of purchases, ended the quarter at 7 bps or 0.07% of global XRP volume according to CryptoCompare TopTier (CCTT) volumes,” Ripple mentioned in the official announcement.
XRP Accumulation
During the latest report, Ripple highlighted a significant spike in the number of whale addresses. The company mentioned that the number of wallets holding between 1 million and 10 million XRP increased from 1,125 to 1,196 during the first quarter. According to the company, 319 crypto wallets are holding at least 10 million XRP.
Since the start of this year, crypto whales have accelerated the movement of the world’s fifth-largest cryptocurrency in large amounts. According to crypto analytics firm Whale Alert, a leading XRP whale account moved 6 million coins from digital exchange, Kraken to an unknown crypto wallet on 6 May at 16:23 UTC. As of writing, the world's fifth-largest digital currency is trading near $1.57.