bullish

Million

<ul class="wp-block-list news-points"> 
 <li>Ripple’s 500 Million XRP release raises specter of a market dump.</li> 
 <li>Whale Alert flags large XRP transfer from Binance, indicating potential bullish sentiment.</li> 
 <li>XRP price fluctuates amidst escrow release, down 5% in a week but up 18.72% in a month.</li> 
</ul>   
A recent XRP escrow release of 500 million tokens, worth approximately $281 million, has sparked speculation of a potential sell-off for the XRP tokens.   
While some in the crypto community voiced concerns of an XRP dump, CoinMarketCap data indexed a slight price rise of nearly 2% in the past hour, in spite of a 1.2% decrease in the past 24 hours. XRP is <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow">currently trading at</a> $0.5720.   
The escrow release, which transferred the XRP tokens to an unknown wallet, <a href="https://x.com/whale_alert/status/1819502995240833387" target="_blank" rel="nofollow">was flagged by Whale Alert</a> on social media platform X (formerly Twitter). This event is not unprecedented, as Ripple has a <a href="https://coinedition.com/ripple-releases-1-billion-xrp-but-its-not-what-you-think/">longstanding practice of scheduled escrow releases</a> to manage XRP supply.   
In a <a href="https://xrpl.org/blog/2017/explanation-of-ripples-xrp-escrow" target="_blank" rel="nofollow">blog post, Ripple confirmed</a> its plan to release 55 billion XRP tokens over 55 months. Instead of releasing the entire supply of the token at once, Ripple’s team put the 55 billion XRP in a series of escrows.&nbsp;   
While the gradual increase in XRP supp…
The post <a href="https://coinedition.com/xrp-whale-movements-amidst-500m-xrp-escrow-release/">XRP Whale Movements Amidst 500M XRP Escrow Release</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Whale Movements Amidst 500M XRP Escrow Release

Coin Edition

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