In a post published on the official Ripple website, Cory Johnson and Miguel Vias presented a summary of the company's financial situation, demonstrating not only the transparency of Ripple, but its continued growth in a difficult and relatively discouraging market.
In the third quarter of 2018, the "XRP Markets Report" shows that Ripple managed to sell $ 163 million in XRP, despite the volatility and negative behavior of the market as a whole. According to the report, $ 65.27 million was sold by the company while the remainder was sold by a subsidiary registered as Money Service Business (XRP II, LLC).
This XRP News shows that sales of the Ripple token outperformed those of the previous quarter. While the third quarter totaled $ 163.33 million, the second quarter posted an inflow of $ 73.53 million to the company.
Ripple talks about his strategies for promoting price stability
Another strong point is Ripple which manages XRP tokens to promote price stability.
The company has limited the number of circulating XRPs. However, during the third quarter, part of the frozen funds was released at a steady rate. Of this amount, part of the funds has been assigned to new escrow contracts and unspecified shares intended to "support the XRP ecosystem:"
"In the fourth quarter of 2017, Ripple blocked XRP 55 billion in an encrypted secure escrow account: Ripple created the lockup to create certainty of the XRP provision at any time, because of this blockade, Ripple only has access to 13% of the # 39; RXP in circulation. "Ripple's sales were a small part of that figure.
In the third quarter of 2018, 3 billion XRPs were again freed from the commitment (1 billion a month). 2.6 billion XRPs were subsequently included in new escrow contracts.
The remaining 400 million XRPs not returned to the guarantee deposit are used in various ways to support the XRP ecosystem ".
XRP NEWS: the new trend in specialized media
In recent months, Ripple has been one of the companies with the greatest media coverage in the ecosystem. The growing number of strategic partnerships has improved its negative image in the community.
In addition, the good XRP News of Swell's conference and the release of xRapid allowed a brief bullish moment that raised its market capitalization to a higher level than Ethereum, proving that Ripple has enough merit to become the king of the altin in a short time.
Ripple's XRP has been fairly stable over the last 2 weeks. After the abnormal price increase, the token fell to previous levels. Its price now fluctuates near $ 0.45. This tendency towards stability is similar to that of many other cryptocurrencies.