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Ripple offloads nearly $200m in XRP; will this thwart its growing signs of bullishnes

XRP has seen some decent bullishness over the past several days, which has allowed the cryptocurrency to secure what appears to be a strong foothold within the mid-$0.20 region.
This bullishness has come about in the face of turbulence within the aggregated crypto markets, with Bitcoin struggling to break through the intense resistance that exists between $9,500 and $9,600.

Although XRP’s market structure appears to be highly bullish at the moment, it is important to note that Ripple – the San Francisco-based FinTech company with close ties to XRP – recently received nearly $200 million worth of tokens from their escrow account, meaning that the crypto may soon see a strong selloff.