The Currency Analytics
By Dan Saada
Ripple (XRP) Investors Responding to Q3 Report
Ripple published the quarterly market report for XRP. The report provides update about the state of the XRP market like - quarterly sales updates, XRP related…
The Q3 report provides updates about On-Demand Liquidity (ODL) and the introduction of the Line of Credit.
The Line of Credit is a new beta service on RippleNet, which permits customers who are using On-Demand Liquidity to source capital on demand.
There is already an overwhelming response to the concept of Line of Credit. Ripple also pointed to how in some cases XRP will originate from Ripple as opposed to from…
ODL is expected to evolve with innovative financial solutions. More innovations will pave way to leverage more of XRP.
In this regard, Sydney Ifergan made a statement in his tweet stating, “The Q3 report points to how Ripple will be purchasing and continue to purchase XRP to support the healthy…
Increased XRP liquidity for RippleNet ODL so far has been achieved with over-the-counter sales and leases.
The Q3 report states, “Certain wallets that are being used for XRP sales also provide short term leases to market makers.
From the point of view of investors, they are not bothered about the use cases, they are simply bothered about ROI.
Some continue to propagate on how Ripple buys what Jed sells. Pointers to how XRP is about 1500% away from its all-time high is indicative of how supporter attitudes are…