Ripple moves $465 million of March’s sell reserve; Will XRP price suffer?
Ripple is moving 200 million XRP of March’s reserved amount from this month’s unlock, usually used to sell in exchanges. At current prices, this batch is worth over $465 million and could pressure the XRP price downwards, favoring the bears. On March 1, the company unlocked 1 billion XRP from escrows previously set in ‘Ripple (26)’ and ‘Ripple (27)’ accounts. After that, XRP’s largest holder reserved 300 million of the token in ‘Ripple (1)’ account, a liquid wallet for its treasury, usually preceding sales or payments. This, however, has not been a one-time thing, as such a pattern has repeated month over month for years, already. On March 13, replicating previous activities, ‘Ripple (1)’ sent, yet again, 200 million XRP to the ‘rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3’ account. Picks for you Gold surpasses $3,000 for the first time — What’s nex...