## RIPPLE PREPARES FOR WHAT COULD BE THE LARGEST XRP DUMP IN 7 YEARS
November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years.
The company, XRP Ledger’s core developer and largest holder, reserved 470 million $XRP to sell, worth $240 million at current prices ($0.512).
Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell.
In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount for its selling activities.
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This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual. Ripple (25) re-locked it all in escrows for 2028 within Ripple (12) and Ripple (13) accounts, as usual.
However, Ripple (24) re-locked only 30 million XRP within Ripple (12), unprecedentedly sending 470 million XRP to Ripple (1).
This is the account used for the monthly dumps throughout the years.
Notably, Ripple’s previous largest dump occurred in June after reserving 200 million XRP and adding an extra 200 million from the idle account Ripple (35), as I reported for Finbold.
The massive and unprecedented sell-off concluded on June 20, which I also covered, totaling 400 million XRP sold.
XRP has accumulated 18.70% losses year-to-date.
Interestingly, Ripple sold 2.576 billion XRP in 2024 so far. The largest sales to date occurred in June (400 million), September (350 million), and July (300 million).
Yet, in all these previous months, Ripple had only reserved the usual 200 million XRP from the escrow unlock. The additional selling pressure came from idle accounts throughout the month – differently from what we are observing now, in November.
What do you think will happen next?
November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years.
The company, XRP Ledger’s core developer and largest holder, reserved 470 million $XRP to sell, worth $240 million at current prices ($0.512).
Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell.
In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount for its selling activities.
---
This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual. Ripple (25) re-locked it all in escrows for 2028 within Ripple (12) and Ripple (13) accounts, as usual.
However, Ripple (24) re-locked only 30 million XRP within Ripple (12), unprecedentedly sending 470 million XRP to Ripple (1).
This is the account used for the monthly dumps throughout the years.
Notably, Ripple’s previous largest dump occurred in June after reserving 200 million XRP and adding an extra 200 million from the idle account Ripple (35), as I reported for Finbold.
The massive and unprecedented sell-off concluded on June 20, which I also covered, totaling 400 million XRP sold.
XRP has accumulated 18.70% losses year-to-date.
Interestingly, Ripple sold 2.576 billion XRP in 2024 so far. The largest sales to date occurred in June (400 million), September (350 million), and July (300 million).
Yet, in all these previous months, Ripple had only reserved the usual 200 million XRP from the escrow unlock. The additional selling pressure came from idle accounts throughout the month – differently from what we are observing now, in November.
What do you think will happen next?
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XRP
1.5021
+4.95%
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