XRP Price Drops to $0.5569 as 1 Billion Tokens Unlocked – Potential Rise to $4 Predicted
On September 1, Ripple unlocked 1 billion XRP tokens from its escrow account, leading to a slight decrease in the coin's market value. The release was carried out in three stages: 500 million tokens at 02:46:22 UTC, followed by 200 million and 300 million tokens. The total value of these tokens amounts to around $560 million and comes from the “Ripple 24” wallet, which has been active for seven years.
After the release, XRP’s price fell to $0.5569. The increase in available tokens, coupled with market reactions, contributed to this temporary drop. However, despite this short-term decline, some analysts predict a potential rise in XRP’s value, with forecasts suggesting it could reach up to $4 in the future.
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