Five Reasons XRP May Reawaken

Five Reasons XRP May Reawaken
imageCryptocurrency News6 hours ago (Oct 08, 2019 10:01AM ET)

Five Reasons XRP May Reawaken

The XRP market price is moving, though on a limited scale. XRP is up to $0.27, with expectations of regaining $0.30.

Here are the five factors that may put XRP back on the map.

Ripple Signals Lowered Selling: The Ripple Escrow releases 1 billion coins each month, but Ripple, Inc. signaled it would not rush to sell the coins. There are still signs of relatively large-scale selling, but XRP markets absorbed that amount, possibly coming from the limited selling of Jed McCaleb. The Ripple stash escrow will keep releasing coins until 2038.

Altcoin Season Signs: XRP is still one of the relatively low-priced altcoins, and also among the most liquid ones. Early signs of an altcoin season, based on lowered Bitcoin (BTC) domination, mean XRP may start to move first. XRP received direct inflows from Tether (U…

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Five Reasons XRP May Reawaken

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