Will XRP Price Crash Ahead of November Escrow Unlock?
Photo: Coinpedia
XRP’s monthly escrow unlocks have not consistently caused price declines in the past 106 unlock events since January 2018. Ripple is scheduled to release 1 billion XRP on November 1, with half a billion coming from each of two escrow accounts. XRP’s typical unlock week saw a 0.1% decline, compared with nearly 1% during weeks without an unlock. XRP fell in 51% of unlock weeks, while it declined in 54% of other weeks. Ripple placed 55 billion XRP in escrow in December 2017, setting up a schedule to release 1 billion XRP on the first of each month.
Source: Coinpedia
