Ripple Releases 1.2 Billion XRP: Impact on XRP Price and Market Speculation

Ripple’s regular monthly activity has once again generated a flurry of transfers on the XRP Ledger, as reported by Whale Alert. These movements, involving approximately 1.2 billion XRP, have sparked discussions about their potential influence on XRP price. 1.2 Billion XRP moved through the system in a sequence that included two returns to Ripple followed by escrow actions and the release of more XRP into the market. Coincidentally, the price of XRP immediately responded with a dip below the $2 mark following the news.