Legal expert Bill Morgan He commented on the accusations that Ripple would at some point drop his principles Ewer XRP. He explained why this would not happen, and noticed how the deposit strategy is good at the price of Altcoin.
Ripple’s Escrow will support the price of XRP
IN X PostBill Morgan noticed that even SEC decided that Ripple’s deposit was intended to climb price XRP And he doesn’t let him down. He added that even the Commission considered it one of the factors that would give investors the expectation of profit on the efforts of the cryptographic company.
Legal then noticed that this is only one of the points that clearly refute the “theory of drop” Ripple’s Esprowa. His answer was the answer to A member of the cryptographic community that he criticized XRP owners who think that the deposit is good for their resources. He then pointed out that the cryptographic company would at some point lose its shares on these investors.
Meanwhile, Bill Morgan had noticed earlier As there was no clear difference between Ripple funds in 2017 and now. He revealed that the cryptographic company had 55 billion XRP in Escrow at the end of 2017, while it currently has 35 billion. Ripple unlocks 1 billion XRP monthly. Therefore, these escrowed funds should drastically reduce from 2017.
However, RIPPLE usually launches a significant part of these coins after a month unlocking, which explains why the shares of the cryptographic company did not flood the market. In particular, the company uses these coins for liquidity services on demand (ODL). Therefore, coins that are left unlocked are sought after, which also ensures an boost in the price of XRP. Ripple also wants to expand its activity, which can further boost Altcoin’s adoption.
The reason for Escrow “Dump Theory”
In response to the accusations against Ripple, Bill Morgan suggested that many of these members of the cryptographic community were simply removed XRP price rally. Therefore, he believes that this is why they try to spread fear, uncertainty and doubts (FUD). IN X PostHe asked a specific critic if they missed XRP when he still trades for 0.20 USD.
Indeed, the price of XRP traded around this level in 2023 and got stuck in the range of 0.50 USD for most of 2024, before it finally began in the last quarter of the year, registering a rally worth over 500%. Altcoin continued this race this year, and in last week he gathered to Novel all time (ATH) USD 3.65
According to writing, the price of XRP is around USD 3.50, according to the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
Editorial process For a bitcoinist, she focuses on providing thoroughly examined, correct and impartial content. We maintain strict acquisition standards, and each page undergoes a careful review of our team of the best technological experts and experienced editors. This process ensures the integrity, importance and value of our content for our readers.
