XRPArcade Says XRP Escrow Sale Will Continue For 20 Years

As per a report by the XRPArcade, the Ripple XRP escrow sale will continue for the next 20 years. The tokens will be sold by Ripple during the monthly sales and billions of tokens stashed in the escrow accounts by the company will be put up for sale in the following two decades as we are reading in the Ripple XRP price news.

The San Francisco-based ripple stored away more than 55 billion XRP stashed in multiple escrow accounts. Over the years, Ripple sold about one billion XRP every month on the open market. XRPArcade reported that a 55-month period will not be enough to sell all of the tokens and the process will likely continue for more than two decades. The monthly Ripple XRP escrow sale is extremely important in the Ripple community.many of the experts believe that this monthly event will give an impression of centralization while the XRP users believe that the monthly sales will distort the growth curve of the altcoin. Ripple has regularly been organizing the scheduled sales despite the discomfort in the community.

The Ripple XRP price also manages to breakout which is a sign that the bottom is coming in and that the XRP positions could await the upside in the upcoming months. Credible Crypto shared the technical analysis observation that came shortly after he noted that the crypto asset was creating a textbook diamond pattern that is a sign of an imminent bottom. The charts also show that the diamond pattern plays out and XRP and Bitcoin will likely rally by 100 percent in the upcoming months.

Ripple hoarded 55 billion tokens in 2017 in numerous escrow accounts and over the years it scheduled a monthly Ripple XRP Escrow sale that had one billion tokens. the tokens that are left after the sale were once again transferred into another escrow account. XRPArcade mentioned that about 196 million tokens are sold every month and ripple has managed to sell 5.5 billion XRP so far. The XRPArcade uses these statistics to predict what it would take Ripple to close the 252 months to sell all of the tokens in the sales per month. That’s about 21 years while Ripple said that it has reduced the sales on a quarterly basis in order to shore up the price. These decisions didn’t have an impact on the XRP price since the altcoin is trading 94 percent lower than the lifetime high of 2018.