500 Million XRP Moved: Here’s Why It’s Unlikely to Turn Into Selling Pressure

in ripple •  5 years ago 


On March 1, 500 million XRP was unlocked from the Ripple Escrow Wallet, worth around $115 million. Whether it would translate to selling pressure for the cryptocurrency remains to be seen.

It all depends on how Ripple decides to handle the XRP escrow

In the fourth quarter of 2019, Ripple sold the least amount of XRP in recent years, alleviating some pressure off of the XRP market.


Full Article and Source here...
https://u.today/500-million-xrp-moved-heres-why-its-unlikely-to-turn-into-selling-pressure

..




ripple xrp cryptocurrency
5 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
  • Payout Declined
0
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!