XRP \u2013 the cryptocurrency with close ties to fintech company Ripple \u2013 had a rough 2019, posting yearly losses of over 40% that came about in tandem with a general rise seen by Bitcoin and other cryptocurrencies.<\/p>\n
Many analysts and investors alike had pinned the crypto\u2019s bearishness on Ripple\u2019s quarterly token sales, which appeared to have been a major catalyst for losses due to the extreme selling pressure these sales placed on the crypto.<\/p>\n
New data now suggests that the company is grinding these token sales to a halt, as Ripple\u2019s Q4 XRP sales marked the smallest quarterly sale seen in nearly three years \u2013 but will this be enough to bolster a fresh uptrend for the cryptocurrency?<\/p>\n
The backlash that resulted from the company\u2019s token sales was frequent and unwavering, with many investors resenting the fintech company due to its actions potentially being the source behind the cryptocurrency\u2019s bearishness<\/a> throughout 2019.<\/p>\n It appears that Ripple<\/a> was receptive to the criticism, however, as new data elucidates that their Q4 token sale was the smallest seen in almost three years.<\/p>\n \u201cRipple only sold $13 million worth of XRP in Q4, which is the lowest sum sold by Ripple in almost three years. Huge difference from the all-time high of $251 million in Q2. Despite that, the price of XRP has declined by 22% in the same time period,\u201d Larry Cermak, the director of research at The Block, explained in a recent tweet.<\/p><\/blockquote>\n Ripple only sold $13 million worth of XRP in Q4, which is the lowest sum sold by Ripple in almost three years. Huge difference from the all-time high of $251 million in Q2. Despite that, the price of XRP has declined by 22% in the same time period. pic.twitter.com\/iP1AUoivq1<\/a><\/p>\n — Larry Cermak (@lawmaster) January 23, 2020<\/a><\/p><\/blockquote>\n\n