#XRP Price Took Impact
Notably, XRP’s market value exhibited volatility on the days these Ripple sales took place. For example, on March 15, XRP tanked by over 17% from a high of $0.6685 to a low of $0.5502. Similarly, on Wednesday, XRP crashed from the $0.7 threshold to $0.6727 amid Ripple sales.
However, XRP has recovered from the price collapse to an extent, reclaiming the $0.60 and $0.61 price territories as of press time. The crypto asset now trades for $0.6133.
Some members of the XRP community continue to attribute XRP’s longstanding unsavory performance to the inflationary pressure from Ripple’s monthly escrow unlock and the sales that follow.
Ripple’s XRP Escrow Execution
Notably, the 240 million XRP Ripple liquidated thus far stemmed from the firm’s March escrow. As previously reported by The Crypto Basic, Ripple again diverged from the anticipated release of 1 billion XRP scheduled for the beginning of the month.
Specifically, Ripple unlocked only 500 million XRP from its escrow wallets. The second transaction, encountered a failure. Despite releasing only 500 million XRP this month, Ripple has replenished the escrow service with 800 million tokens, as customary.
