On February 2, 2025, Ripple Labs locked 700 million XRP in escrow to avoid major price drops. Currently trading around $2.90, XRP could decrease by 10% to $2.55 if it cannot maintain support at $2.88.
On-chain metrics show significant accumulation, with $70.50 million worth of XRP flowing out from exchanges. The market struggles with bearish sentiment, but historical data suggests that escrow locks can lead to temporary price relief.
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