Supply and Demand Tension in XRP Market

The recent $1.54 breakout test of XRP's price has raised questions about the balance between increasing supply and demand. Ripple's 1 billion XRP escrow release may be a contributing factor to this tension. The XRP/RLUSD price currently stands at 1.5165 RLUSD, with 24-hour trades totaling 2,446. The XRPSync validator has successfully maintained a 99.12% uptime on ledger #107,375,714. While the impact of the escrow release on net supply is unclear, it may be worth monitoring how demand absorbs the increasing supply in the market.