Impact

April

<p>In the last 30 days, XRP has seen a drop of at least 13.1%. At the beginning of October, the price was at $0.61175. On the last day of October, it touched a low of $0.50877, indicating that the market experienced a 20.24% decline in the month. A recent report indicates that Ripple has released one billion XRP from escrow for November. How will this impact the XRP market? Let’s see!&nbsp;</p>   
<h2 class="wp-block-heading" id="h-ripple-s-november-xrp-escrow-release-nbsp">Ripple’s November XRP Escrow Release&nbsp;</h2>   
<p>As per the report, Ripple has unlocked one billion XRP for November in three transactions. A single address received at least <a href="https://xrplexplorer.com/explorer/rw2hzLZgiQ9q62KCuaTWuFHWfiX7JWg3wY" target="_blank" rel="noreferrer noopener nofollow">two of the three transactions</a>. The address received 400 million XRP and 100 million XRP in two separate transactions, respectively. A second address received <a href="https://xrplexplorer.com/explorer/rDqGA2GfveHypDguQ1KXrJzYymFZmKxEsF" target="_blank" rel="noreferrer noopener nofollow">500 million XRP </a>from the third escrow execution transaction.&nbsp;&nbsp;&nbsp;</p>   
<h2 class="wp-block-heading" id="h-transaction-and-holding-pattern-nbsp">Transaction and Holding Pattern&nbsp;</h2>   
<p>Following the release, both of these addresses now hold 1 billion XRP each. Ripple usually locks 800 million XRP later in the day, keeping 200 million XRP for operational needs. This pattern has been steady recently, following a brief period of irregular releases earlier this year.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-recent-xrp-market-performance-nbsp">Recent XRP Market Performance&nbsp;</h2>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/01172305/XRP-Price-1024x576.png" alt="XRP Price" class="wp-image-375018">
</figure>   
<p>At the start of this year, the price of XRP was at $0.62950. On January 31, it touched a low of $0.50273. In early February, fresh buying pressure emerged, pushing the price to the yearly peak of $0.72289 on March 11. The market again dropped to a low of $0.47894 on April 13. Between April 14 and July 15, the market showed sideways movement, fluctuating within the range of $0.55742 and $0.41964. </p>   
<p>In mid July, the market broke above the range, pushing the price to a peak of $0.62808 On July 18. In early August, the price of XRP plummeted from $0.60076 to $0.48818. Although the market made strong attempts to recover from the drop on August 7 and 8, for the rest of the month the price remained within the range of $0.61707 and $0.55280. </p>   
<p>The market had to wait until September 29 to climb above the opening price of August 1. In early October, the market again saw a steep drop from $0.61068 to $0.52120. For the rest of that month, the market stayed within the range of $0.54819 and $0.50096. </p>   [post_titles_links postid="375020"]   
<p>The XRP market, currently priced at $0.51921, has not yet recovered from the decline suffered in early October. In the last seven days, the market has slid by nearly 0.5%. However, in the last 24 hours, the market has surged by 0.6%</p>   
<p>In conclusion, Ripple’s consistent escrow pattern could support market stability, but <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP’s price </a>action may remain challenging without a significant upward push.&nbsp;</p>   
<p><em>Stay tuned to </em><strong><em>Coinpedia </em></strong><em>for the latest updates on the XRP market!&nbsp;</em></p>

XRP News: The Impact of Ripple’s Escrow on XRP Unlock and Market Prices!

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