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Ripple makes public the number of its XRP in the Q1 crypto report

Ripple, one of the main companies in the crypto sector, has recently published its quarterly report on XRP markets. 

Quest’ultimo fornisce trasparenza e aggiornamenti regolari sulle opinioni dell’azienda riguardo allo stato dei mercati crypto, concedendo anche preziose informazioni sulle possessioni di XRP di Ripple e sulla salute complessiva dell’ecosistema XRP.

Ripple: The crypto holdings of XRP in detail

In the report, Ripple revealed its “patrimonio” of XRP at the beginning and end of the quarter. In this case, it is necessary to discern two distinct categories of XRP: the XRP currently available in the company’s wallets and the XRP subject to escrow on-ledger.

Escrow is a measure adopted by Ripple to control the distribution of XRP in the market. The XRP in escrow are locked and released gradually every month. This system is designed to maintain market stability and prevent sudden price swings caused by an excess supply.

As of December 31, 2023, Ripple indeed held 5,077,658,695 XRP in its wallets, while 40,700,000,005 XRP were in escrow on-ledger. 

As of March 31, 2024, these figures have dropped to 4,836,166,156 and 40,100,000,005 XRP, respectively.

Questa riduzione indica quindi l’impegno di Ripple nel mantenere un equilibrio tra domanda e offerta nel mercato.

Growth of on-chain activity

The report highlights a significant growth in on-chain activity in the last quarter. 

On-chain transactions have increased by 108%, a clear indicator of the increased use of the XRP network. This growth was then accompanied by a 45% decrease in the average cost per transaction, making transactions with XRP more convenient for users.

Future implications

Il rapporto trimestrale di Ripple fornisce una chiara panoramica delle sue possessioni di XRP e della crescente attività sulla rete XRP. 

With an increase in transactions and a reduction in costs, the XRP ecosystem demonstrates robustness and significant growth potential! 

Ripple continues to demonstrate its commitment to transparency and responsible resource management, thus contributing to the stability of the mercato delle criptovalute.

Looking to the future, reports like that of Ripple are essential to offer investors and users a clear understanding of the current state and prospects of the bull and bear market of cryptocurrencies. 

In this case, it can definitely be said that with the increase in interest and on-chain activity, the future of XRP and its ecosystem appears bright and full of opportunities.

Martina Canzani
Martina Canzani
Graduated in Law at the University of Milan. After completing her academic studies, she became interested in the world of blockchain, finding it a powerful tool for redemption. Her passion then turned into a job, and now she invests in early-stage projects in decentralised finance and DAO and writes articles on all the news concerning the crypto world.