Million

Coin

<ul class="news-points"> 
 <li><strong>Ripple unlocked millions of XRP from its escrow wallet in its usual monthly fashion.</strong></li> 
 <li><strong>XRP’s price fell by 4.16%, after facing rejection at $0.54 and losing support at $0.52.</strong></li> 
 <li><strong>With increasing distribution, XRP may fall as low as $0.45 unless buying pressure appears.</strong></li> 
</ul> 
<p>According to whale tracking handle Whale Alert, <a href="https://coinedition.com/xrp-whale-transfers-witnessed-a-day-after-grayscales-victory/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> has unlocked 200 million XRP tokens. The activity is one that market participants may be familiar with especially as the blockchain firm does it every month.</p> 
<p>The locking of XRP in escrow wallets dates back to 2017. For Ripple, the goal of locking XRP gradually is to prevent the devaluation of the cryptocurrency. So, when the XRP tokens are unlocked from the escrow accounts, it helps to cushion the liquidity of the cryptocurrency in circulation.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> 200,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (102,149,352 USD) unlocked at <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/l7oKO1LubL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/l7oKO1LubL</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1697398933377503451?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 1, 2023</a> 
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<h2 class="wp-block-heading" id="h-increased-circulation-more-decline"><a></a><strong>Increased Circulation, More Decline</strong></h2> 
<p>While unlocking XRP tokens monthly is not a strange strategy, the effect on the <a href="https://coinedition.com/ripple-xrp-price-prediction/" rel="noopener noreferrer nofollow">XRP price</a> action has mostly been negligible. This time, XRP was not able to maintain consolidation. According to CoinMarketCap, the value of XRP…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ripple-unlocks-200-million-xpr-to-start-september-whale-alert/">Ripple Unlocks 200 Million XPR to Start September: Whale Alert</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Ripple Unlocks 200 Million XPR to Start September: Whale Alert

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