Ripple swirls 310 million XRP from its escrow vault

Cryptocurrencies

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In December, Ripple Labs transferred 310 million XRP from its Ripple escrow wallet.

This action happened amid a time when XRP was having difficulty establishing a positive upward trend in its price.

This action took place during a phase of ambiguity in XRP's price trend, as recent technical analysis indicates a neutral pattern, making it challenging to anticipate a breakout or breakdown.