The United States-based cross-border blockchain tech-focused payments company Ripple has issued its latest report on XRP Markets and has shared data regarding the growth of XRP sales. The Over-the-Counter (OTC) sales of XRP surged high to touch the sky. Not only XRP sales rose up, but the trading volumes of the coin also increased to a new quarterly high.
According to the report of Ripple for Q4 of 2020, Ripple saw the sales of its native digital currency hitting the mark of $76.27 million in the last year’s final quarter. The important point to highlight here is that the total sales of the coin in Q4 of 2020 were more than that were in that year’s third quarter. In the third quarter of the last year, the XRP’s total sales could only manage to hit the figure of $35.84 million.
Ripple’s XRP not only saw amazing growth in its OTC sales, but its performance in trading volumes was also imminent during the past quarter. As per the report, XRP Markets’ trading volumes rose high to reach around $148 billion. If we compare the quarterly performance of XRP in terms of trading volumes, we see that XRP was good in the last quarter than it was in Q3. The report revealed that an amount of around $37 billion was noted in the trading volumes of XRP in 2020’s third quarter.
Moreover, the company claimed in the report that there were many new clients that moved their direction towards the On-Demand Liquidity (ODL) service of the company. This inflow of clients towards the company’s ODL came at a time when the company was fighting a legal battle with the United States Securities and Exchange Commission (SEC). Ripple said in the report that its native crypto asset was able to maintain its reputation and fame despite the trouble caused by the SEC.
SEC sued Ripple Labs along with its two executives and filed a lawsuit later in the month of DEC in the previous year. Initially, it brought the worst days for Ripple and its native cryptocurrency. However, now the effects of the lawsuit on XRP seem to have cooled down too much extent as the price value has once again come back on the track of recovery.