Ripple Releases $1B XRP from Escrow Wallet

This month’s release of funds means that another $220 million worth of XRP is available for Ripple to use as they see fit.

Ripple has unlocked one billion XRP from its escrow wallet on Sunday. It represents the supply issuance for the month in the agreement with its pre-decided schedule. At present estimations, this adds up to approximately $225 million. Right now, XRP is finding itself in a pretty much heavy position regarding its price. At the time of writing it is trading $0.22 (0.49% up within 24 hours). However, if it would fall and kept itself on a support zone of 0.20$, this could mean serious trouble for the third-largest digital currency. It seems Ripple unlocks December 2017 when it officially […]

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