Ripple’s $3.28 Billion Escrow Unlock Derails XRP Price Breakout

XRP price was at the cusp of a breakout after a multi-day climb, but the potential rally was cut short with FUD (Fear, Uncertainty, and Doubt), following a massive unlock. Ripple executives attempted to assuage the situation, but clarifications have been insufficient to salvage the XRP price amid weekend volatility. Ripple Unlocks 1 Billion XRP: All You Need To Know Fear, uncertainty, and doubt spread across the XRP community on Saturday, following Ripple’s move to release 1 billion tokens from escrow. According to Whale Alert, Ripple escrow unlocked 500 million, 100 million, and 400 million XRP tokens, three transactions worth $3 source: https://beincrypto.com/ripple-xrp-escrow-unlock-price-impact/