BITFINEX:XRPUSD   XRP / U.S. Dollar
Hi, today we are going to talk about Ripple and its current landscape.
After the Japanese crypto exchange, BitFlyer has added trading support for XRP; we could see some increase of interest around the token since this exchange is one of the few that has real volume . However, the release of one billion coins from Ripple escrow wallet, which has unclarified destiny on how Ripple will be sold or distributed the token and that could more than counter the good news listing, since this massive increase of supply might dump de price to even lower levels than the current ones.
Thank you for reading and leave your comments if you like.
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I'm feeling the same thing with a drop. I mapped out a new idea that shows what "could" happen after if XRP isn't dead

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Other already commented about the 1 billion escrow story. If you want to know the details - here:
https://www.ripple.com/insights/q3-2019-markets-report/

"In the third quarter, we significantly reduced our XRP sales, consistent with the messaging we shared in the Q2 report. For Q3 19, our total XRP sales were $66.24 million vs. $251.51 million in the previous quarter. Per the Q2 report, our stated goal for programmatic sales for Q3 was approximately 10 basis points of the new volume benchmark (CCTT), and we ended sales for the quarter below that, at 8.8 bps. In fact, part way through Q3, we decided to pause programmatic sales altogether, and focus our over-the-counter (OTC) sales on a few strategic partners, who are building XRP utility and liquidity in regions that are strategically important to our growing global business, including EMEA and Asia. Total sales including OTC and programmatic ended the quarter at 36 bps of CCTT."
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"release of one billion coins from Ripple escrow wallet" FUD as you are not aware of how escrow works, please read. i am not triggered just annoyed people continue to post this dumbness.
+2 Reply
i agree with your view. its going down. all of them. bitcoin must retest 3k prior to any altcoin to shine. check out my profile and tell me i'm wrong!
+1 Reply
Ripple locked the coins back up to all 1 billion of them
+6 Reply
@wildbeast, Thank you for the update!
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GerbenDeZeeuw Golden-Dragon
@Golden-Dragon, are you updating your idea then? Basically what you are spreading is FUD. The escrow release happens every month and most of them goes back to escrow. The actual sales are very transparent AND are being reported in the quarterly reports. The real reason why XRP is going down and IMO heavily undervalued is people keep spreading utter lies around the project. That is painful for investors, but in general, in crypto we should really ask ourselves what are we doing?? Don't we want real news, real adoption and or valuation based on adaption instead of the amount of FUD?
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@wildbeast, this statement triggered me!
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wildbeast RollingHavoc
@RollingHavoc, haha just stating facts unlike the other triggered moonboys and girls haha
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