- Ripple locks 700M XRP in escrow Apr 1, second month deviating from 1B release
- CEO Garlinghouse addresses sales criticism, hints at potentially scaling down later
- XRP trades ~$2.12, faces key resistance at $2.27 20-day EMA; RSI weak (~40)
Ripple has once again locked 700 million of XRP tokens in escrow, according to on-chain analytics platform Whale Alert. This move aligns with the organization’s long-standing programmed escrow mechanism. This program typically ensures a predictable release schedule, releasing 1 billion XRP from escrow each month, with unused portions usually re-locked.
These released tokens are generally allocated for institutional sales, operational expenses, and other company purposes. A similar pattern involving only 700 million XRP was also observed last month, deviating from the standard 1 billion monthly release figure seen previously.
According to some market analysts, this deviation could be a sign Ripple is maintaining tighter control over its t…
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