🚨 Viral News – $XRP in the spotlight
🧊 Ripple blocks 700 million XRP in a new escrow while the price falls below $3
Ripple Labs transferred today 700 million XRP to escrow accounts despite the price drop below the psychological threshold of $3. This operation, valued at over $2 billion, was tracked by Whale Alert and generated an immediate impact on market confidence.
🔍 Why it's hot news
The measure temporarily reduces the available supply, trying to control the price drop and curb selling pressure.
The dollar's rebound, the Fed's decision to maintain rates, and the uncertainty generated by “Project Crypto” have heightened volatility in XRP and other altcoins.
However, the market remains concerned about the lack of clarity in the resolution of the SEC vs Ripple lawsuit — especially with the scheduled report on August 15, considered a possible turning point.
Do you think this blocking will relieve price pressure or is it just a temporary supply management maneuver? 👍 for relief, 👎 if you're not convinced.
