Here is what is up with XRP. Funds are locked in escrow. When escrow releases it deposits funds into a Ripple controlled wallet. These XRP are still hidden from circulating supply until Ripple releases them. They release them when the price starts going up.
For #XRP folks. There is market manipulation of crypto going on. Russia has begun integrating crypto & is implementing limits on their citizens retail purchases until 2027; due to planned volatility. All crypto is plummeting not just XRP.
Ripple released another 100 million XRP into circulation from escrow between yesterday and today. We are now at 62 billion XRP in circulation. I think once we hit 80 billion in 3.5 years, this will be a critical point for price appreciation.
@Carolinatcwnl The lack of confidence comes from the length of time that it has not popped, and that large institutions are transacting it, but price does not move. Transacting XRP in high volume can be done without affecting price due to liquidity pools.
@Gina_XRP People are confused by crypto, even institutions, and are impacting it incorrectly. Crypto should be an alternative or hedge of current currency systems. Crypto value should increase on bad news and decrease on good market news. Though it currently trades like stocks...puzzled
@Jenny_Solstice Per my estimation and running some thoughts through AI, my estimation is 4 years. I believe when we have 80 billion in circ supply, there will be critical mass and use. This is when the 100 million xrp adds will be diluted, and price growth can occur. Not likely to 1000s though.
@Ripple_Mino Check my posts I track release of XRP from escrow. Ripple releases from escrow monthly. Schedule was $1 billion per month, but have relocked much escrow on release. They release 100 million periodically & this keeps price lower while utility rises. Once 80bil in circ it will pop