XRP price will STAGNATE due to escrow account
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- čas přidán 24. 03. 2024
- XRP has a lot of controversy surrounding the escrow account. Will the XRP price stagnate due to the escrow account? There are many conspiracy theories and reasons as to why XRP is utilizing this escrow account, but I want to break down the core fundamental idea of what the escrow account liquidity is doing to the XRP crypto market today.
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Is it possible that when stablecoin regulations are established in the US and more banks and institutions are onboarded, that they will buy up the majority of the escrow account to have XRP on their books to burn for transactions? And could that happen within the next few years instead of decades away? Are these things possible? I have more questions than answers. I hold a nice bag and don’t want to part ways with it yet. I think it has potential still. A lot of influencers say it will moon nicely this bull run, but I’m having difficulty seeing it.
Plus, I do have other coins in my portfolio. So I am diversified.!!!
The fact is we’re still very much in a speculative market with all crypto assets. And Almost all tokens have inflation, that doesn’t prevent them from mooning during bull runs. Long term bags are super early. But any token can go ballistic during a bull run. Mania and FOMO still dominate the crypto market. XRP has a giant community with plenty of CZcams riddlers (hate them) and that will probably be advantageous for the current hodlers when the next class of crypto freshman arrive.
think XRP ok
What do you think the escrow account does to price?