<center>https://wishtech.science/2/6/wp-content/uploads/sites/7/2018/04/Trading-Psycologhy1.jpg</center> <br /><br><div><p>Ripple has launched its market report for the primary quarter of 2018.</p><p>160.Zero billion USD value of XRP was traded in Q1 2018. Of this, 16.6 million USD was bought from XRP II, which is Ripple’s South Carolina-based cash service enterprise, and $151.1 million was offered “programmatically,” in response to the report.</p><p>Three billion XRP was launched from cryptographically-secured escrow in the course of the quarter, divided equally between the three months. Nevertheless 2.7 billion was put again into new escrow accounts. The remaining 300 million XRP is getting used to spend money on the community.</p><p>Ripple says that the whole market capitalisation of all its digital property is 263.5 billion USD, a fall of 56.Three % from 603.7 billion USD originally of the yr.</p><p>The worth of XRP was 1.91 USD originally of the yr and 0.51 USD on the finish of the quarter, a fall of 73 %. Ripple notes that that is consultant of the worth motion of the cryptocurrency market as a complete.</p><p>One issue which affected the worth was the choice of the itemizing web site <em>coinmarketcap.com</em> to take away all South Korean exchanges from its roster. As a result of XRP has a big share in that market, its displayed worth dropped disproportionately when in comparison with different property.</p><p>Ripple notes that the worth of its coin was additionally closely affected by regulatory developments in South Korea – rumours of a complete ban on cryptocurrency prompted XRP probably the most volatility since April 2017.</p><p>The report notes some exceptions, notably that whereas the whole market capitalisation of all digital property doubled between the dates 24/11/17 to 31/3/18, XRP’s share of that capitalisation grew from 3.56 to 7.57 %. This was partly resulting from its itemizing in 18 extra venues over that interval in order that now it may be accessed on 60 completely different cryptocurrency exchanges.</p><p>This optimistic outcome may also be defined by a number of new partnerships – within the first quarter of the yr Ripple introduced pilot schemes with <a href="https://www.financemagnates.com/cryptocurrency/news/rumors-true-western-union-experiments-ripples-xrapid/" target="_blank">Western Union</a>, Cambridge World Funds, MercuryFX, IDT and <a href="https://www.financemagnates.com/cryptocurrency/news/xrp-10-ripple-signs-moneygram-real-time-money-transfers/" target="_blank">MoneyGram</a></p></div>
<br><a href="https://www.financemagnates.com/cryptocurrency/news/ripple-releases-q1-2018-market-report-xrp-market-share-increases/">Source  </a>