Ripple’s XRP Monthly Sales Ignite Discussion In XRP Community
Ripple’s XRP Monthly Sales, in the wake of Ripple’s recent court victory, XRP’s value has again gone below $0.5, currently trading at $0.4863. This drop has ignited heated debates within the XRP community. This discussion is focused on Ripple’s approach to releasing its monthly XRP reserves from escrow.
Critics, like Alter Diego (@elalterdiego), are voicing concerns about Ripple’s XRP monthly sales, even after achieving regulatory clarity. Diego’s post was met with backlash from an overwhelming number of XRP advocates, arguing that Ripple’s cautious approach aims to push up XRP’s price and support the infrastructure.
The fact that Ripple doesn’t manage to sell even half of its monthly $XRP escrow release even after “having gained clarity” should tell you everything you need to know about this coin.
— Alter Diego (@elalterdiego) October 9, 2023
Read Also: Ripple Unlocks 1 Billion XRP From Escrow As Market Value Dips
Dissenting Opinions
Prominent lawyer and XRP advocate Bill Morgan firmly favors Ripple’s strategy. He suggests that Ripple’s decision to sell only a fraction of the one billion XRP released monthly from escrow is a calculated move to strengthen the XRP price.
Morgan states, “The fact Ripple decides not to sell most of the XRP released each month from escrow tells me what I already know from the SEC’s evidence in the Ripple case. Ripple takes steps to support XRP’s price.”
He believes that Ripple’s choice to hold back most of the monthly XRP release from escrow speaks volumes about their commitment to supporting XRP’s price. This statement implies that Ripple is strategically avoiding flooding the market with XRP tokens, with an eye on maintaining its price.
Julian Williams (@XRPJulian), another XRP enthusiast, shares Morgan’s sentiment. He argues that even if Ripple sold its entire monthly escrow release, critics like Diego would accuse them of dumping XRP on the market.
Williams claims that Diego knows nothing about XRP or Ripple and emphasizes that these sales are integral to strengthening the infrastructure necessary for the efficient operation of On-Demand Liquidity (ODL) networks, which rely on a specific level of liquidity to function optimally.
Read Also: Latest Report: Ripple Reveals the Amount of XRP Left in Escrow
More Responses
One user stated that Diego was grasping at straws, and another called Diego’s post the most uneducated opinion he had ever read about XRP. On the other hand, critics, represented by voices like Alter Diego, believe that Ripple should be more aggressive in its sales strategy, irrespective of regulatory clarity.
Ripple’s measured approach aims to balance sustaining XRP’s value and supporting the infrastructure that will drive its future. We are yet to see what this approach will bring for XRP’s future. Ripple’s recent transfer of millions of XRP also sparked another round of debates about potential sell-offs.
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