RATE Group | Here’s Why It’s Unlikely to Turn Into Selling Pressure
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Here’s Why It’s Unlikely to Turn Into Selling Pressure

01 Mar Here’s Why It’s Unlikely to Turn Into Selling Pressure

Posted at 11:12h in Cryptocurrency News by

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Contents

  • It all depends on how Ripple decides to handle the XRP escrow
  • Is it working?

On March 1, 500 million XRP was unlocked from the Ripple Escrow Wallet, worth around $115 million. Whether it would translate to selling pressure for the cryptocurrency remains to be seen.

It all depends on how Ripple decides to handle the XRP escrow

In the fourth quarter of 2019, Ripple sold the least amount of XRP in recent years, alleviating some pressure off of the XRP market.

The official Q4 report read:


“Ripple continued the pause of programmatic sales, focusing solely on our over-the-counter (OTC) sales with a few strategic partners, who are building XRP utility and liquidity in strategic regions including EMEA and Asia.”

Must Read

Ripple’s XRP Sales Decline Dramatically in Q4. Will XRP Price Rebound? – READ MORE

The XRP that Ripple obtains…

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