Ripple Locks 1B XRP as Price Slides Below $1.60 Amid Market Weakness
Key Takeaways:Whale Alert Flags 1 Billion XRP Escrow MovementHow the Escrow Cycle Played Out This MonthXRP Price Weakens as Selling Pressure PersistsAnalysts Split on XRP’s Next Direction
Market views remain mixed. Other observers believe that XRP is following a well-known pattern of long-term consolidation which can often be observed over the course of several cycles, and referencing which means that any significant breakout may be years away.
Still others interpret the current price action as a re-accumulation phase where long term holders slowly accumulate positions during the low volatility times.
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