Ripple, Inc. unlocked its monthly escrow, raising more questions about the performance of XRP. Over the course of 2019, the token has underperformed, also losing hopes of an end-of-year rally.


XRP Long-Term Holding Still Won’t Pay

XRP is still down around 30% this year, as 2019 nears its end. The latest unlocking of the scheduled escrow tranche releases 1 billion coins. It is uncertain how many of them would be distributed or sold by Ripple.

The selling may happen on OTC markets, but in any case, there is a large supply of coins and little demand beyond speculative trading and some limited testing by banks. Still, at near rock-bottom prices, XRP invited some buyers to hold the asset, hoping for outlandish returns.

XRP went as low as $0.21 during the latest sell-off, and some analysts marked this as buying level. However, holding onto XRP may be counterproductive and…

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Source: https://thebitcoinnews.com/1-billion-xrp-worth-225m-released-from-escrow-still-ok-to-hold-ripples-token/