The post Ripple sets clear timeline for halting XRP escrow sales appeared on BitcoinEthereumNews.com.

Ripple has recently released its quarterly report, shedding light on its XRP holdings and market operations. The report, which focuses on the company’s XRP Ledger updates, market trends, and relevant announcements, reveals XRP’s approach to managing its substantial XRP reserves. XRP maintains two categories of XRP holdings: tokens in its corporate accounts and those in escrow wallets. As of the end of the third quarter, Ripple reported a spendable balance of over 5.25 billion XRP in its corporate accounts. These funds are at the company’s discretion for operational use. In contrast, a much larger sum, approximately 41 billion XRP, is held in escrow wallets that are currently inaccessible to Ripple. This division underscores Ripple’s commitment to market stability and prudent financial management. Ripple re-escrows XRP, prolonging the market release Ripple’s escrow arrangement plays a pivotal role in its market strategy. The company receives one billion XRP monthly from its escrow, a portion of which is typically sold. For example, reports indicate that Ripple sold close to 892 million XRP between July and September. Despite this, XRP often reinstates a significant portion of the released XRP into the escrow. For instance, approximately 800 million XRP have been returned to escrow each month since August. This pattern of release and re-escrow suggests that the total escrowed XRP could take longer than the projected 42 months to be fully released into the market. XRP estimates that the roughly 40 billion XRP in escrow will be entirely released by early 2027. However, given the company’s history of re-escrowing a substantial part of the released funds, the final release date might extend beyond this timeline. Community response and market outlook The crypto community has been closely monitoring Ripple’s XRP release strategy, with some expressing concerns over the potential impact on market dynamics. The delayed pattern…

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Filed under: News - @ December 29, 2023 9:20 am