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The unlocking of $3.28 billion in Ripple escrow derails the price breakout of XRP
The unlocking of 1 billion XRP held in custody by Ripple, valued at $3.28 billion, generated FUD, halting a bullish breakout and fueling fears of a massive sell-off in the market.
Executives clarified that the release followed a monthly schedule, but community skepticism about the control of the escrow remains high.
XRP now faces key resistance at $3.13, with support between $2.96 and $2.73 guiding the next price direction.
The price of XRP was on the verge of a breakout after several days of gains, but the potential rally was interrupted by FUD (fear, uncertainty, and doubt), following a massive unlocking.
#xrp
$XRP
$BNB
The unlocking of $3.28 billion in Ripple escrow derails the price breakout of XRP
The unlocking of 1 billion XRP held in custody by Ripple, valued at $3.28 billion, generated FUD, halting a bullish breakout and fueling fears of a massive sell-off in the market.
Executives clarified that the release followed a monthly schedule, but community skepticism about the control of the escrow remains high.
XRP now faces key resistance at $3.13, with support between $2.96 and $2.73 guiding the next price direction.
The price of XRP was on the verge of a breakout after several days of gains, but the potential rally was interrupted by FUD (fear, uncertainty, and doubt), following a massive unlocking.
#xrp
$XRP
$BNB
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XRP
2.9026
-0.79%