Ripple CTO Don Confirm Monthly XRP Escrow Release Schedule
Ripple CTO David Schwartz don confirm say XRP escrow release dey happen for the first day of every month. This clarification na because people dey confuse after Whale Alert talk say 1 billion XRP unlock happen on August 9. Schwartz talk say the escrow contract dey unlock as schedule, but XRP Ledger go only log the release when one on-chain transaction trigger am, so e dey look like say delay dey. E commot all the anyhow talk about off-schedule tranches or any plan to unlock all the 35.6 billion XRP for once. Market no too shake, XRP di trade around $3.20, down 2%, traders still dey confident say the XRP escrow release cycle dey predictable and crypto market still stable.
Neutral
The confirmation say monthly XRP escrow release wey fit predict don comot uncertainty wey fit cause wahala for market. The small market reaction, wey be 2% price drop, show say traders don already include the unlock schedule join price. For short term, the clarification fit make XRP trading stable by comot all gossip wey dey cause wahala. For long term, clear and fixed escrow way dey help market confidence and price steady dey support am. So, the news get neutral effect on how XRP price go move.