as it could impede XRP's recovery from the recent market downturn. The large addition of $XRP
to the market boosts supply, potentially weakening any positive price movement. This sale follows XRP's brief surge to a record high of $2.90, reaching a market cap of over $165 billion before falling back to its current position, behind USDT.
The key question is whether XRP can bounce back. While XRP has historically rebounded after corrections, the added supply might make it more challenging for XRP to regain its position as the third-largest cryptocurrency, especially with rising competition from Tether and USDC.
