Ripple Sells Over $198 Million in XRP From Escrow While Legal Battle With SEC Continues
(1) Ripple Labs transferred 310 million XRP ($198 million) from its escrow wallet in December, leaving about 26 million XRP remaining (2) Ripple minted 100 billion XRP tokens before launch and sells them regularly under quarterly restrictions (3) Recent XRP price technical analysis shows a neutral, sideways trend within a symmetric triangle pattern (4) XRP briefly spiked on fake news of a BlackRock institutional product before shedding gains when proven false (5) Judge Torres ruled Ripple's XRP sales to institutions were unregistered securities, denying the SEC's appeal option