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Ripple Suddenly Locked 1 Billion XRP, Will Token Price Increase?


bitcoinisking
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XRP, the digital asset of Ripple and the third-largest cryptocurrency, became one of the worst-performing coins in 2019 when the price dropped by nearly 99% from the 2018 peak. It not only closed the year of losses but also established a new bear market.

As AZCoin News reported, when 2020 just started, Ripple Escrow transferred 200 million XRP from the escrow wallet to an address owned by Ripple Labs, fintech companies use cryptocurrencies and corresponding ledgers to improve financial services. Almost immediately after, Ripple Escrow opened 1 billion XRP.

About 48 hours after unlocking, Ripple Escrow transferred 1 billion XRP to Ripple and locked the same amount in escrow at Ripple.

Despite these unusual moves, the XRP price remains fairly stable within the range of $ 0.185 – $ 0.19.

https://azcoinnews.com/ripple-suddenly-locked-1-billion-xrp-will-token-price-increase.html

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3 hours ago, bitcoinisking said:

XRP, the digital asset of Ripple and the third-largest cryptocurrency, became one of the worst-performing coins in 2019 when the price dropped by nearly 99% from the 2018 peak. It not only closed the year of losses but also established a new bear market.

As AZCoin News reported, when 2020 just started, Ripple Escrow transferred 200 million XRP from the escrow wallet to an address owned by Ripple Labs, fintech companies use cryptocurrencies and corresponding ledgers to improve financial services. Almost immediately after, Ripple Escrow opened 1 billion XRP.

About 48 hours after unlocking, Ripple Escrow transferred 1 billion XRP to Ripple and locked the same amount in escrow at Ripple.

Despite these unusual moves, the XRP price remains fairly stable within the range of $ 0.185 – $ 0.19.

https://azcoinnews.com/ripple-suddenly-locked-1-billion-xrp-will-token-price-increase.html

So this is the monthly escrow release and putting 1 billion back in escrow? What's special about this one after 2 years of this escrow system that's worthy an "article".

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2 hours ago, SquaryBone said:

So this is the monthly escrow release and putting 1 billion back in escrow? What's special about this one after 2 years of this escrow system that's worthy an "article".

What's special is it sounds like Ripple has escrowed the escrow in a separate Ripple wallet rather than returning it to the XRP Escrow

2 hours ago, SquaryBone said:

Ripple Escrow transferred 1 billion XRP to Ripple and locked the same amount in escrow at Ripple

 

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14 minutes ago, robertbruce said:

What's special is it sounds like Ripple has escrowed the escrow in a separate Ripple wallet rather than returning it to the XRP Escrow

 

All escrow wallets are Ripple wallets, right? I understand what you mean but I've heard some very wild stories in the past and I believe back then they just cycled to a new set of wallets or something.

I don't read these clickbait articles as it's usually community that's reading too much into it and "connecting imaginary dots".

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19 minutes ago, SquaryBone said:

All escrow wallets are Ripple wallets, right? I understand what you mean but I've heard some very wild stories in the past and I believe back then they just cycled to a new set of wallets or something.

I don't read these clickbait articles as it's usually community that's reading too much into it and "connecting imaginary dots".

they normally take about three days to re-escroy back to the same wallet... agrees about the clickbait

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