Yes, the escrow announcement is that Ripple can sell 1 billion a month. But this is their response to the speculation that they could dump 55 billion at any time. Given that awareness and XRP price are increasing, it seems reasonable that they commit to no more than 3x current spend per month.
I do understand the concerns that it's centralised, pre-mined, etc, that Ripple going straight to the banks is anathema to the crypto ideology, and I do to some extent share the concern that Ripple != XRP, but it's undeniable that they're well-organised and professional, and in many ways far ahead of competitors.
In the past, XRP investors have had to take it in faith that Ripple wouldn't dump 55b. Ripple's response, again well-organised and professional, is to confirm that they won't dump it all. This can be traced back all the way to the very strict controls on the original McCaleb settlement.
That's a bad news for XRP . I sold all my coins at the end of May. Now I haven't yet come back to this coin .
I think there will be a big dumps coming in this month or next month and it will return at the price 5000sats after that.
It's looking pretty solid at the moment. Yes there have been fluctuations recently, but just zoom out to 90 days on the charts to get some context. A massive increase, followed by an inevitable but minor fallback, and then solid price for the last week or so. I'm not one to shout MOON, but I've not seen any news recently to suggest this is anything but a long-term hold. Look at the company, their plans, what they are doing with the RCL, the way they're building liquidity, explanations as to why XRP is the cheapest and most efficient way to use the tech, look at joelkatz coming on here and reddit and supplying what I think are very good answers to people's various concerns.
At the moment I hold 9 different cryptos. They all have proponents and detractors, but XRP gets way more hate than anything else. I understand this from an ideological, purist's perspective. But not from the perspective of value or utility.