đ #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.
đ 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.
đ Whatâs Next?
Trading volumes in the coming days will clarify XRP's direction amid broader crypto trends. Historically, these releases havenât caused major disruptions, though short-term volatility is possible.
