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Cryptocurrency platform
The XRP Ledger (XRPL), also called the Ripple Protocol, is a cryptocurrency platform launched in 2012 by Ripple Labs. The XRPL employs the native cryptocurrency known as XRP, and supports tokens, cryptocurrency or other units of value such as frequent flyer miles or mobile minutes.
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Ripple just unlocked 1 billion XRP, but the real concern is the 31.8 billion tokens still sitting in escrow. That’s nearly 32% of the entire supply controlled by one company, ready to be dripped into the market monthly. While Ripple re-locks most of it, this massive centralized overhang keeps the market in a constant…
In XRP news today, the token trades near $1.53, up about 4% over 24 hours, as traders look ahead to Ripple’s conference in Seoul. A scheduled “Special Announcement” has revived $100 price targets, but the agenda does not say what Ripple plans to reveal.The session runs from 2:15 p.m. to 2:35 p.m. o…