Expert Says You Have a Chance to Buy XRP Before Ripple Announces Its Escrow Plans

Crypto expert Del Crxpto has created a buzz in the XRP community with mysterious tweets. He hinted that Ripple might soon make big changes to how it handles its XRP escrow.

Del warned that once Ripple shares its escrow plans, it could change everything for XRP. He said investors only have a limited time to buy XRP at today’s prices before the opportunity disappears.

Right now, XRP is priced around $2. Del’s messages suggest that once Ripple makes its move, XRP’s price could shoot up quickly.

In another tweet, Del added to the mystery by saying he’s “not allowed to say” what he knows. He only mentioned “XRP,” suggesting that something major could be coming soon for the token.

Ripple’s Escrow Situation

Since 2017, Ripple has been releasing 1 billion XRP from escrow each month. However, they often lock much of it back up. This has led to ongoing debates about how long the escrow process will continue.

New Ideas About What Ripple Might Do

There have been several ideas floating around about what Ripple could do with its escrowed XRP. Some in the crypto community suggest bold moves that could benefit XRP holders.

One wild idea is that Ripple could hand over all the escrowed XRP to the U.S. government to create a national crypto reserve. This idea gained attention after Donald Trump mentioned including XRP in such plans.

Technically, this could be done easily by changing who receives the unlocked XRP. Supporters believe that if the government owned XRP, it could make XRP more trusted and push its price way up — some even dream of it reaching $960 per coin. However, this is seen as very unlikely, especially since the U.S. government currently favors Bitcoin.

Also, giving the government $78 billion worth of XRP would be an unheard-of act of generosity.

Another Popular Idea

Some XRP community members think Ripple should donate most of its escrowed XRP to the XRP Ledger Foundation (XRPLF).

Panos Mekras, a leader in the XRP community, argues that Ripple shouldn’t control more than 10 billion XRP. He believes giving the extra XRP to XRPLF would help fund new projects, marketing, and education about XRP.

However, Ripple’s Chief Technology Officer, David Schwartz, disagrees. He said it’s not smart to hand over all that XRP and simply hope the foundation will use it properly.

Other people have suggested that Ripple should destroy (or “burn”) the escrowed XRP to reduce the supply and raise the price. But again, Schwartz said this idea isn’t realistic. He pointed to Stellar’s similar move in 2019, which didn’t boost the price of their token (XLM) much.

Disclaimer: This article is for information only. It’s not financial advice. Always do your own research before investing. The Crypto Basic is not responsible for any financial losses.