{"id":554796,"date":"2023-10-10T11:45:14","date_gmt":"2023-10-10T11:45:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554796"},"modified":"2024-06-12T09:35:00","modified_gmt":"2024-06-12T09:35:00","slug":"ripple-return-xrp-tokens-escrow","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-return-xrp-tokens-escrow\/","title":{"rendered":"Why Does Ripple Return Unlocked Tokens To Escrow? Pro-XRP Lawyer Provides Answers"},"content":{"rendered":"

Ripple <\/span>usually <\/span><\/a>returns a substantial part of its unlocked XRP tokens following every monthly release of 1 billion tokens from its escrow system. Justifying this move, <\/span>pro-XRP legal expert<\/span><\/a> Bill Morgan <\/span>explained<\/span><\/a> why <\/span>Ripple<\/span><\/a> does this rather than leaving these tokens in circulation.<\/span><\/p>\n

Why Ripple Returns Some XRP Tokens To Escrow<\/h2>\n

In a <\/span>tweet<\/span><\/a> shared on his X (formerly Twitter) platform, Morgan suggested that Ripple\u2019s decision not to sell most of the XRP released each month is one of the steps the firm takes to \u201c<\/span>support XRP\u2019s price<\/span><\/a>.\u201d Morgan is likely referring to the fact Ripple selling all the 1 billion tokens could significantly affect (in a negative manner) the token\u2019s price.<\/span><\/p>\n

Related Reading: These Bullish Factors Prove XRP Price Rally Is Not Over Yet<\/a><\/div>\n

Morgan\u2019s tweet came in response to another X user (Alter Diego), who <\/span>suggested<\/span><\/a> that Ripple wasn\u2019t relocking those tokens of its own volition but because there was no demand for them. He <\/span>mentioned<\/span><\/a> that the crypto company’s inability to sell \u201ceven half of its monthly XRP escrow release\u201d despite <\/span>gaining clarity<\/span><\/a> says a lot about the coin.\u00a0<\/span><\/p>\n

\n

The fact that Ripple doesn\u2019t manage to sell even half of its monthly $XRP<\/a> escrow release even after \u201chaving gained clarity\u201d should tell you everything you need to know about this coin.<\/p>\n

\u2014 Alter Diego (@elalterdiego) October 9, 2023<\/a><\/p><\/blockquote>\n

Another member of the XRP community <\/span>noted<\/span><\/a> that Ripple could sell all the tokens from its monthly release, and if they did, people like Diego would still complain that \u201cthey were dumping.\u201d Meanwhile, he stated that most XRP sales from Ripple were made to \u201csupport the rails for new ODL networks which have to be primed.\u201d<\/span><\/p>\n

Diego\u2019s claims that there is little or no demand for XRP seem unfounded, as <\/span>XRP sales have jumped this year<\/span><\/a>. Meanwhile, institutional investors seem to be taking a greater interest in the token as <\/span>institutional inflows into the the token<\/span><\/a> continue to spike.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

Token price falls to $0.49 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n

Ripple Has Lost Most Of Its Gains From \u2018Second Victory\u2019<\/h2>\n

In a prior <\/span>tweet<\/span><\/a> to the one where he explained why Ripple relocks its escrowed XRP tokens, Morgan noted that the token had lost most of its gains from <\/span>Judge Analisa Torres\u2019 denial<\/span><\/a> of the US Securities and Exchange Commission (SEC) <\/span>motion for an interlocutory appeal<\/span><\/a>.<\/span><\/p>\n

Related Reading: 39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here\u2019s When<\/a><\/div>\n

XRP <\/span>had climbed as high<\/span><\/a> as $0.6 following Judge Torres\u2019 order. However, the token has dropped by over 2% since then to $0.49. However, despite the decline, many in the community are choosing to remain positive.<\/span><\/p>\n

One particular X user (who happens to be a software developer) <\/span>noted<\/span><\/a> that XRP\u2019s price wasn\u2019t solely dependent on the court\u2019s decision as its price \u201cwill go where the market takes it.\u201d Irrespective, the user believes that the token’s value is growing as the <\/span>network\u2019s developers continue to build<\/span><\/a> \u201cincredible things daily.\u201d<\/span><\/p>\n

Featured image from American Banker, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple usually returns a substantial part of its unlocked XRP tokens following every monthly release of 1 billion tokens from its escrow system. Justifying this move, pro-XRP legal expert Bill Morgan explained why Ripple does this rather than leaving these tokens in circulation. Why Ripple Returns Some XRP Tokens To Escrow In a tweet shared on his X (formerly Twitter) platform, Morgan suggested that Ripple\u2019s decision not to sell most of the XRP released each month is one of the steps the firm takes to \u201csupport XRP\u2019s price.\u201d Morgan is likely referring to the fact Ripple selling all the 1 billion tokens could significantly affect (in a negative manner) the token\u2019s price. Related Reading: These Bullish Factors Prove XRP Price Rally Is Not Over Yet Morgan\u2019s tweet came in response to another X user (Alter Diego), who suggested that Ripple wasn\u2019t relocking those tokens of its own volition but because there was no demand for them. He mentioned that the crypto company’s inability to sell \u201ceven half of its monthly XRP escrow release\u201d despite gaining clarity says a lot about the coin.\u00a0 The fact that Ripple doesn\u2019t manage to sell even half of its monthly $XRP escrow release even after \u201chaving gained clarity\u201d should tell you everything you need to know about this coin. \u2014 Alter Diego (@elalterdiego) October 9, 2023 Another member of the XRP community noted that Ripple could sell all the tokens from its monthly release, and if they did, people like Diego would still complain that \u201cthey were dumping.\u201d Meanwhile, he stated that most XRP sales from Ripple were made to \u201csupport the rails for new ODL networks which have to be primed.\u201d Diego\u2019s claims that there is little or no demand for XRP seem unfounded, as XRP sales have jumped this year. Meanwhile, institutional investors seem to be taking a greater interest in the token as institutional inflows into the the token continue to spike.\u00a0 Token price falls to $0.49 | Source: XRPUSD on Tradingview.com Ripple Has Lost Most Of Its Gains From \u2018Second Victory\u2019 In a prior tweet to the one where he explained why Ripple relocks its escrowed XRP tokens, Morgan noted that the token had lost most of its gains from Judge Analisa Torres\u2019 denial of the US Securities and Exchange Commission (SEC) motion for an interlocutory appeal. Related Reading: 39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here\u2019s When XRP had climbed as high as $0.6 following Judge Torres\u2019 order. However, the token has dropped by over 2% since then to $0.49. However, despite the decline, many in the community are choosing to remain positive. One particular X user (who happens to be a software developer) noted that XRP\u2019s price wasn\u2019t solely dependent on the court\u2019s decision as its price \u201cwill go where the market takes it.\u201d Irrespective, the user believes that the token’s value is growing as the network\u2019s developers continue to build \u201cincredible things daily.\u201d Featured image from American Banker, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":554804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,88655,83363],"tags":[89613,3680,89612,17209,4531,89611,83637,13172,89610,10972,78763],"class_list":["post-554796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-ripple-2","category-xrp","tag-pro-xrp-lawyer","tag-ripple","tag-ripple-escrow","tag-ripple-news","tag-xrp","tag-xrp-escrow","tag-xrp-news","tag-xrp-price","tag-xrp-tokens","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nWhy Does Ripple Return Unlocked Tokens To Escrow? 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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