Altcoin News Official TheBitTimes.com

Ripple’s escrow program, set in motion in 2017, sees up to 1 billion XRP unlocked on the first day of each month, with unused tokens typically re-escrowed.  Today, September 1, is no exception, with Ripple unlocking around $2.76 billion worth of the cryptocurrency (approximately 1.68% of the total supply). However, if the historical pattern continues, we’ll most likely see around 700 million tokens re-escrowed, meaning the effective net addition will be closer to 300 million XRP, valued near $861 million (some 0.50% of the supply). Ripple September XRP unlock August marked a rare deviation in Ripple’s escrow schedule when the standard 1 billion XRP release failed to appear on-chain. The uncertainty ended on August 9, when three separate escrow releases (500 million, 100 million, and 400 million XRP) were executed in quick succession and flagged by Whale Alert. In anticipation of the September release, the market was speculating whether the government mi...

Ripple’s XRP coin has seen a substantial dip over the last few days. The coin is down 3.7% in the daily charts and 10.2% in the weekly charts. XRP’s price correction comes just ahead of the Federal Open Market Committee (FOMC) meeting scheduled for later today. Investors may be taking a cautious step in case of a hawkish stance from the Federal Reserve. Despite the downtrend, XRP is still up by 10.5% in the 14-day charts, 43.8% in the monthly charts, and 417.6% since July 2024, as per CoinCodex XRP data. Source: CoinGecko Will XRP Recover From The Dip After The FOMC Meeting? Source: Watcher.Guru The market may face some volatility leading up to the FOMC meeting later today. Investors will likely look for clues about the Federal Reserve’s next monetary policy before taking risky positions. The CME FedWatch tool indicates a 96.9% chance that the Federal Reserve will keep interest rates unchanged. The absence of a rate cut could negatively impact retail investors. The mov...