Bitcoinist.net:

Ripple releases 1 billion xrp

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…

Click to continue reading on its source location…

Source: https://bitcoinist.com/ripple-unlocks-1b-xrp-in-monthly-escrow/