XRP Price Plunge as Ripple Locks Away 800 Million Tokens in Escrow

Quick Summary:

This significant activity has come at a time when XRP’s price has slipped below $0.58, sparking both curiosity and concern among investors.

Early this morning, 300 million XRP was transferred to the address rw2..3wY at 00:16 UTC, with an additional 200 million XRP following just two minutes later.

This pattern, characterized by two trendlines converging with equal and opposite slopes, was crucial in the formation of a recent engulfing candlestick.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Escrow Price August Tokens Been Billion Million Ripple Crypto Blockchain Pattern

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 08:14:47 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © Coinpedia

News ID: 21896537

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