Ripple Return 1 Billion XRP to Escrow, Will Price Start to Rise?!

ripple returns xrp to escrow

Since day one investors have been obsessed with the fact Ripple releases 1 billion XRP from escrow every month to sell directly to wealthy investors & institutions.

This discounted XRP was sold directly to major institutional investors and organizations with proceeds going to the advancement of the XRP ecosystem.

As usual, 1 billion XRP released from escrow on Dec 1st, almost immediately it was returned to the same wallet meaning all XRP must now be bought on exchanges.

As readers may recall from the previous quarterly report, Ripple publicly announced our intention to shift to a more conservative volume benchmark for XRP sales. In the third quarter we significantly reduced our XRP sales. In Q3 we decided to to pause programmatic sales altogether & focus our over the counter sales (OTC) on a few strategic partners who are building XRP utility and liquidity in regions that are strategically important to our growing global business

Ripple

OTC XRP sales do not affect the original supply, they also do not go through exchanges and therefore have little to no effect on the actual price of XRP.

This move does not mean that prices will shoot up immediately, XRP can still be bought over the counter at most exchanges around the world for big discounts.

Rather interestingly the last time Ripple made such a monumental escrow decision was back in 2017 just weeks before the price reached upwards of $3.60.

Last quarter, there was an uptick in FUD &  the spread of misinformation about XRP, especially around topics such as purported XRP dumping & price manipulation by Ripple. FUD is a tool typically used to undermine new technologies. Due to the nature of digital asset markets, FUD runs rampant, often perpetrated by those with political or financial interests in certain cryptocurrencies. Healthy dialogue, transparency, and pragmatism are vital to dispel misinformation, properly educate the market, & foster innovation in our industry

Ripple Q3 Report

While we wait for XRP to catch up to its true price at least we can say Ripple has stayed true to their word and for this month at least, stopped all OTC sales.

As always this is not financial advice do your own research and only invest what you can afford to lose, the dots are all connecting up nicely.

Ripple customers live with ODL, including MoneyGram and others, increased by 75% last quarter and dollar volume on ODL increased more than five times from Q2 to Q3. In addition, Ripple announced its acquisition of team Algrim to support the ongoing development of ODL. To keep up with strong customer demand, Ripple is rapidly expanding its team on a global scale—Iceland will serve as one of Ripple’s engineering hubs with plans to bring on more technical talent in Europe

Ripple

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