Ripple's price could be about to receive a dramatic boost

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The San Francisco startup released its latest market report earlier this week that declared $167.7million of Ripple in the first three months of the year.

The report read: “In Quarter one, 2018, market participants purchased $16.6 million directly from XRP II, LLC — our registered and licensed money service business (MSB).

“XRP II, LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.

“Additionally, the company sold $151.1 million worth of XRP programmatically, as a small percentage of overall exchange volume.