Ripple XRP Reserves, Escrow Activity, and Price Analysis in May
Friday, 3 May 2024, 10:26
Ripple XRP Sell-Off Alerts
Ripple has reserved 200 million XRP out of 1 billion tokens for May sell-offs, valued at almost $104 million.
Ripple Escrow Management
- Ripple unlocks 1 billion XRP monthly and reserves an arbitrary amount for future releases.
- Ripple used new accounts, 'Ripple (24)' and 'Ripple (25),' for May's unlocks.
Price Impact Analysis
- Ripple's previous sell-offs correlated with XRP price movements with only three slightly positive days year-to-date.
- Investors should monitor Ripple's selling activities in May closely to gauge potential price recovery.
Disclaimer: The information provided is not investment advice, and investing carries risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.