XRP Price Plunge As Ripple Locks Away 800 Million Tokens In Escrow

Quick Summary:

In total, Ripple moved 1 billion XRP and locked away 800 million tokens in escrow within a span of twenty minutes.

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: Sofiya

Category: Crypto

Markets: India

Topics: Locks 800 Million Tokens Away Plunge News Price Ripple Latest News XRP Escrow

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 21:09:38 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © BitcoinWorld

News ID: 21900924

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