Why did ripple re-distribute XRP?

Ripple did that to improve the transparency and predictability of XRP sales. XRP held in escrow are “undistributed” whereas the rest (including XRP held by Ripple in wallets) is distributed (i.e. circulating supply). At the end of each month, unsold tokens are returned to escrow and re-distributed at a later period.

What happened to XRP & ripple Ath?

After both jumps, XRP’s price dipped and stayed under $0.01 until early 2017, when the crypto market began to gain momentum. The Ripple ATH occurred about a year later, on January 6, 2018, when the XRP price rose to $3.40 from under one cent.

What is Ripple payment system XRP?

The Ripple Payment System is a blockchain-based digital payment network and protocol that uses XRP and a consensus mechanism through a group of bank-owned servers that confirm transactions. How to Buy XRP? XRP can be purchased directly on Binance with a credit or debit card. You can also trade other cryptocurrencies for XRP on the Binance Exchange.