- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Ripple’s escrow release strategy remains transparent.
- XRP prices rose despite ongoing escrow releases.
Bill Morgan, an Australian lawyer and XRP advocate, publicly dismissed the XRP escrow dump theory in a series of statements on X (Twitter), noting that recent price increases contradict these claims.
Bill Morgan’s comments on recent XRP price trends illustrate the ongoing resilience of Ripple’s strategy, reflecting stable investor confidence. The denial of the escrow dump theory aligns with consistent XRP market movements since early 2018.
Ripple’s Escrow Release Strategy
Ripple Labs, the company behind XRP’s escrow, continues its standard practice of releasing XRP periodically. Bill Morgan asserts that Ripple’s approach has shown transparency and market stability, countering allegations of price suppression. Morgan noted that while Ripple’s escrow holdings have reduced, investor interest remains robust. On-chain data showed a significant rise in XRP purchase by institutional investors, reflecting sustained confidence.
Recent XRP market trends show that Ripple’s escrow releases do not significantly impact XRP prices negatively. An observed rise from $0.50 to $3.00 occurred during ongoing escrow releases, highlighting investor trust. Financially, Ripple’s actions have fostered confidence among investors. The SEC recognized Ripple’s escrow intent to stabilize XRP value, not depress it. Regulatory support has further reinforced investor confidence in Ripple’s ongoing operations and transparency.
Long-term implications reveal Ripple’s escrow releases help maintain market stability rather than disrupt it. A historical look at Ripple’s practices shows no persistent negative price impacts from escrow releases. Bill Morgan’s persistent refutations of the dump theory coincide with broader market assurance in Ripple’s strategic operations.
“What is there to say about the discredited escrow dump theory that has not already been said. If it needed a coup de grace to send it to its final resting place, it was the massive rise in XRP price from $0.50 to over $3.00 despite further releases of XRP by Ripple from escrow in…” source
Discussion on policy implications.
