Crypto News

Ripple Holds Large XRP Holdings The financial technology company Ripple has been making waves in the cryptocurrency market with its large holdings of XRP. Currently, Ripple holds 44.9 billion XRP, with 40 billion of those tokens currently in escrow. This means that only a limited amount of XRP is available for trading, potentially driving up demand and prices. 40% Increase in Trading Volumes Despite facing regulatory challenges from the U.S. Securities and Exchange Commission (SEC), Ripple's XRP saw a 40% increase in trading volumes in the first quarter of 2024. This is a significant jump and shows that investors are still interested in trading XRP despite the ongoing legal battle. Ripple's Quarterly Market Report In its quarterly market report, Ripple highlighted the increase in trading volumes and provided insights into its XRP sales. The company sold over 841 million XRP tokens in Q1 2024, generating over $500 million in revenue. This shows that despite the challe...