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<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/why-is-ripple-holding-onto-so-much-xrp/">Why is Ripple Holding Onto So Much XRP?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ripple’s XRP continues to be a topic of intense discussion. Legal voices and crypto influencers are weighing in on Ripple’s activities around XRP’s price movement and market behavior.</p> 
<h2 class="wp-block-heading" id="h-debates-around-ripple-s-xrp-transactions"><strong>Debates Around Ripple’s XRP Transactions</strong></h2> 
<p>Bill Morgan, a well-known attorney and crypto lover, recently shared his insights about Ripple’s decision on its XRP escrow releases. He believes Ripple’s reluctance to sell the bulk of its monthly XRP indicates the company’s intent to stabilize the cryptocurrency’s price. This observation aligns with evidence he’s seen in an ongoing case between the SEC and Ripple.</p> 
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   <p lang="en" dir="ltr">The fact Ripple decides not to sell most of the XRP released each month from escrow tells me what I already know from the SEC’s evidence in the Ripple case. Ripple takes steps to support XRP’s price. <a href="https://t.co/QOTUZXnBhY">https://t.co/QOTUZXnBhY</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1711483960558338108?ref_src=twsrc%5Etfw">October 9, 2023</a>
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<h2 class="wp-block-heading" id="strong-community-back-and-forth-strong"><strong>Community Back-and-Forth</strong></h2> 
<p>The commentary from Morgan was a direct response to a statement made by an anonymous crypto enthusiast. This individual raised questions about Ripple not offloading a significant portion of its XRP escrow each month, even after obtaining clarity on specific legal issues.</p> 
<p>Cryptocurrency vlogger Flare Community offered a broader perspective, emphasizing XRP’s inherent value. They believe that while XRP’s price might experience short-term fluctuations, its underlying value is rising. Developers, they noted, are consistently enhancing the XRP ecosystem, making it more robust and versatile. In their view, a dip in price does not diminish XRP’s worth but presents a potentially favorable buying opportunity.</p> 
<h2 class="wp-block-heading" id="strong-legal-clarity-vs-price-stability-strong"><strong>Legal Clarity vs. Price Stability</strong></h2> 
<p>Bill Morgan’s response to Flare Community’s insights was succinct. He pointed out that despite Ripple’s XRP gaining legal clarity, its market price remains similar to when it was embroiled in legal ambiguities.</p> 
<p>XRP community member XRPJulian voiced concerns about the broader cryptocurrency market’s dependence on Bitcoin (BTC) and Ethereum (ETH) price movements. He expressed his eagerness for the day when individual crypto assets, like XRP, will be evaluated on their intrinsic value and not be influenced heavily by BTC or ETH market behaviors.</p> 
<p>While the conversations around Ripple’s XRP remain multifaceted, one thing is sure: we will closely monitor its progress and market behavior in the coming months.</p>

Why is Ripple Holding Onto So Much XRP?

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