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Ripple's Strategic Move Gives XRP 1.8% Price Boost Ahead of Protocol Update

Guavy AI Editorial Team
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Ripple's strategic move has given XRP a boost in price ahead of its upcoming protocol update. The company released $1 billion worth of XRP from escrow, but strategically pre-locked 700 million tokens back into escrow beforehand.

This resulted in only 300 million XRP entering the market, which countered historical August selling pressure and reduced net sell-side pressure. The manoeuvre was interpreted as a protective action by Ripple, providing a psychological floor for the price.

XRP's price rose by 1.8% to $1.08, outperforming Bitcoin, which gained just 0.16%. The price action reflects optimistic community narratives and capital finding relative value in XRP amid a quiet market.

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