XRP price prediction: Ripple locks 700 million tokens back up until 2029

Ripple did not leave the billion XRP released on November 1 in circulation. On the evening of the same day, 700 million tokens went back into programmed locks running until June and July 2029. That left 300 million XRP free. The price stood at $1.2522 on Monday morning, close to where it was before the release. The timing makes the difference. The release shows up in every explorer at 01:00 German time, while the relock followed a good seventeen hours later. Anyone who reads the headline about the billion on the morning of the first and does not check again in the evening knows only half the calculation. Where the price could head over a horizon of months is covered in our XRP price prediction. What happened on the XRP Ledger on November 1 Escrow, briefly explained: a programmed lock on the XRP Ledger that keeps an amount immovable until a fixed date. Before that date nobody can touch it, not even Ripple itself. After the date, a transaction called EscrowFinish releases the lock and the amount sits freely available in the wallet. At 01:00 German time, two such transactions each released 500 million XRP from two different Ripple wallets. Together that is one billion tokens, around $...