In brief

  • Ripple released 1 billion XRP through the unlocking of monthly escrow after June, down 20%

  • The unlock occurred via three transactions: 200 million, 300 million, and 500 million XRP

  • Technical chart indicates XRP is in a bearish channel, with a key support zone around USD1.00 to USD1.02

Read the original story: Ripple unlocks 1 billion XRP amid a severe bear market—what happens next, by Luis Blanco at th.beincrypto.com