RATE Group | New Report Explains Why XRP Takes Weekends Off
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New Report Explains Why XRP Takes Weekends Off

07 May New Report Explains Why XRP Takes Weekends Off

Posted at 17:16h in Cryptocurrency News by

A new report by blockchain intelligence firm Flipside Crypto indicates that trading activity for XRP slows down considerably on the weekends. The question is, why?

In the report called “4 Things To Know About XRP Money Flows”, the company analyzes the flows of XRP through the ecosystem and notes that activity for XRP drops significantly on the weekend. It theorizes that this is likely due to a lack of consumer or retail interest in the asset:

“The bar chart above shows a clear pattern, with significantly lower XRP activity on weekends than during business days. This is not the case for other chains such as OAN or Zilliqa, whose activity on exchanges is instead constant throughout the week. This suggests that the majority of XRP transactions are sent by professional investors or payment processors such as MoneyGram and Intermex.”

XRP exchange volume. Source: Flipside Crypto

Flipside Crypto provides business intelligence for blockchain companies by “chain-walking” a…

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