Ripple Unlocks $1B Worth of XRP, Price Jumps 13% 🚀
Ripple released 500M $XRP (worth over $1B) from escrow on New Year’s Day as part of its monthly schedule. The unlock fueled $XRP ’s 13% price surge, breaking the $2.20 resistance amid high buying pressure. 📈
A memo tied to the transaction hinted at optimism for crypto’s future, referencing Donald Trump’s inauguration on January 20: “We are going to make crypto great again.”
With $7M in short positions liquidated, market anticipation of the SEC dropping its appeal could push $XRP to $3. Bears, however, eye a drop below $2 if momentum falters.
