🚀 #Ripple Unlocks 1 Billion $XRP : What It Means for the Market
Ripple has released 1 billion XRP (worth $1.92B),
a scheduled event under its escrow system to manage supply and support
the ecosystem. With 37.24 billion XRP still in escrow, Ripple returns
unutilized tokens, ensuring supply predictability as outlined in the XRP
Ledger design.
🌐 Key Highlights:
*/ Monthly Routine: Ripple's escrow release aims for transparency but can create short-term uncertainty among investors.
*/
Market Impact: XRP, up 283.9% in November, saw a slight 2.4% drop
post-release, maintaining resilience above its opening price.
📈 What’s Next?
Trading
volumes in the coming days will clarify XRP's direction amid broader
crypto trends. Historically, these releases haven’t caused major
disruptions, though short-term volatility is possible.
#Macro Insights# #Altcoin Season#