$XRP Increases 11% to Overtake $ADA to Take Sixth Place


On Saturday (30 July), the digital asset $XRP saw the largest percentage increase (vs. USD) among the top 30 crypto assets by market capitalization, allowing it to surpass $ADA and move into sixth position.

According to TradingView statistics, at 4:29 p.m. UTC on July 30 on the crypto exchange Bitstamp, the price of $XRP reached $0.40954, the highest price since June 7. Currently (as of 6:04 UTC on July 30, 2018), $XRP is trading at $0.40357, an increase of 11.16 percent over the last 24 hours.

Ripple issued its “Q2 2022 XRP Markets Report” on Thursday, July 28. Through its XRP sales and other XRP-related announcements, Ripple is able to “voluntarily deliver transparency and regular updates on the company’s perspectives on the status of crypto markets, including its quarterly XRP sales,”

Regarding $XRP sales and acquisitions in the second quarter of 2022, Ripple stated: Last quarter, Ripple’s total XRP sales, net of acquisitions, were $408.9M, compared to $273.27M the prior quarter. Ripple has continued to participate in ODL-only sales, and these quantities have increased significantly as Ripple’s ODL business has grown internationally.

Ripple stated that it has been a buyer of XRP on the secondary market and plans to continue doing so at future market levels as ODL gains global momentum. According to CryptoCompare TopTier (CCTT) volumes, total sales by Ripple, net of acquisitions, accounted for 0.47 percent of worldwide XRP volume after the quarter.

Also Read: Polygon Unique Addresses grew by 12% in the second quarter despite the market crash

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