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XRP Supply in Focus as Ripple Unlocks $1.25 Billion in Tokens

Published Source: BitcoinistRead original

Crypto Insight Summary: TLDR; Ripple’s xrp supply is in focus as it has released 1 billion XRP from escrow in its first scheduled unlock of November, worth approximately $1.25 billion. The actual impact on circulating supply will depend on how many tokens the company returns to escrow. Ripple carried out its latest monthly XRP release on November 1, […] Crypto Insight Analysis: Direction: Bearish XRP Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Increased token supply from escrow release may pressure prices in the short term.

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