XRP price prediction: 133 million tokens leave the exchanges, and what is behind it

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the exchange wallets attributed to Ripple shrank by 133 million XRP in the week to October 31, while the monthly release window opens on November 1 for more than a billion tokens. Both figures are documented; how this counter-movement should be read follows further down as the editorial team's assessment.Add as a preferred source on GoogleFollow on Google NewsXRP is trading at $1.25 on Sunday morning. The price has barely moved in 24 hours, stands 4.5 percent lower on the week and closed October with a loss of around 18 percent. That leaves the token just under 66 percent below its record high of $3.65. Two things are documented on this first day of the month, and they pull in opposite directions. The exchange wallets attributed to Ripple held 22.48 billion XRP on October 31, which is 133.0 million tokens less than a week earlier. At the same time, the release window opens today, from which Ripple may draw up to one billion XRP out of escrow. Our assessment follows fur...