XRP News: $1.49B Unlock Leaves Net Supply Unclear

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Ripple released 1 billion XRP from escrow in four rapid transactions totaling $1.49 billion, as XRP tested the $1.50 level. The releases comprised 400 million, 300 million, 200 million and 100 million XRP, following the company’s regular monthly escrow cycle. However, the net supply impact remains unclear: unlocked tokens may stay under Ripple’s control, be allocated for operational use or be returned to escrow. XRP faces technical resistance near $1.50 with weakening momentum on the four-hour chart. The next relevant data point is not the gross unlock itself, but the net amount Ripple keeps available after the release.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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