XRP Tumbles Towards $1 As Pro-XRP Lawyer Says Ripple Is Moving Too Slow: What's Going On?
XRP (CRYPTO: XRP) is approaching the psychologically important $1 support as pro-XRP lawyer Bill Morgan argues Ripple is releasing tokens from escrow too slowly. Ripple locked 55 billion XRP into escrow back in 2017 to give the market predictable visibility into future supply. One billion XRP unlocks on the first of every month, and Ripple decides how much to deploy versus re-lock into new escrow contracts at the back of the queue.