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The latest data from Ripple and its API service indicates that the firm’s $XRP holdings now stand at 45.55 billion, reflecting a decrease of over a billion from the figures reported in the previous quarter.
Prominent American payment firm Ripple has published its Q4 2023 report capturing the $XRP market. The report reveals Ripple’s $XRP holdings at the end of both the third and fourth quarters of 2023.
Our latest $XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory and licensing wins, and the latest on $XRP Ledger integrations.https://t.co/5cuMXiVBjl
— Ripple (@Ripple) February 8, 2024
Notably, Ripple issues its quarterly $XRP report voluntarily. It aims to offer transparency and consistent updates pertinent to $XRP and related announcements observed during the preceding quarter.
Ripple $XRP Portfolio at 2023 Q3 and Q4 End
According to the Q4 2023 update, Ripple held 5,258,162,324 (5.25 billion) $XRP in spendable wallets at the conclusion of Q3. Also, it had 41,300,000,005 (41.3 billion) $XRP in its escrow wallets. Collectively, the payment firm controlled 46.55 billion $XRP as of September 30, 2023.
Meanwhile, the latest report indicates that by the end of Q4, Ripple’s $XRP holdings have significantly decreased over the 92 days. In particular, Ripple’s spendable $XRP in balance dropped by 180,503,629 $XRP tokens to 5,077,658,695.
Similarly, its escrow balance dipped by 600 million tokens to 40,700,000,005. Cumulatively, Ripple managed 45.77 billion $XRP in available balances and escrow as of December 31, 2023. This figure reflects a decline of over 780 million tokens from the end of the previous quarter.
Ripple Sold Over 1B $XRP
Furthermore, recent figures accessible via Ripple’s API suggested the payment firm’s $XRP portfolio has dipped even further within the past 30 days.
According to the data, the latest entry for Ripple’s distribution as of January 28 revealed a spendable balance of 5,051,745,091 $XRP. Additionally, it indicated that Ripple currently holds 40.5 billion $XRP in escrow.
Essentially, Ripple now manages 45,551,745,096 in both accessible and non-accessible wallets.
In contrast to the values at the beginning of 2023 Q4, where Ripple held 46.55 billion $XRP, the comparison suggests that the payment firm has sold 1,006,417,233 (1.006 billion) $XRP.
At the prevailing value of $0.5228 per $XRP, this equates to a total $XRP sale of $526,154,929 over the course of 120 days.