500M #XRP Unlocked as Ripple Sends 400M XRP to Escrow.

Shortly after the unlocks, Ripple resumed its monthly rebalancing. In particular, the firm locked 400 million XRP ($869 million) with its Ripple (15) address.

However, before locking the 400 million XRP, the address received the tokens from two different wallets. Specifically, wallet “rGKHDy” sent 200 million XRP by 23:55 UTC yesterday before “rHGfmg” sent another 200 million three minutes later to the Ripple (15) address.


Meanwhile, the transactions follow XRP’s price inconsistency, following a broader market trend. After breaking to a high of $2.32 on June 30, XRP slumped to $2.15 yesterday following Bitcoin’s retest of the $105,000.

At the time of writing, XRP has recovered slightly from yesterday’s lows, trading at $2.18 at the time of writing. Interestingly, a recent analysis has identified that XRP would reach a minimum price target of $6.5 this month and could potentially extend to $8.

#Crypto