XRP Holds Narrow Range After Ripple OCC Approval
Edited by Steinar Vigdel Kolnes, Editor, Oslo
XRP traded between $1.29 and $1.31 following Ripple’s reported OCC approval, with large holders controlling 68.5% of supply, according to Bitcoin.com News.
XRP showed little price movement after Ripple’s reported approval from the Office of the Comptroller of the Currency (OCC), according to Bitcoin.com News. The token continued trading in a narrow band between $1.29 and $1.31.
Its price was nearly unchanged over the preceding seven days and had fallen more than 15% since the beginning of October. Recent ecosystem announcements had not produced a notable shift in trading.
The report also put the share of XRP supply controlled by large holders, commonly called whales, at 68.5%. The supplied excerpt did not detail how those holdings were measured or the scope of Ripple’s regulatory approval.
Source: Bitcoin.com News
