Ripple will unlock 1 billion XRP again on April 1st, will the price crash?
Ripple, the company behind the XRP Ledger, will unlock 1 billion XRP tokens worth $628.5 million on April 1. This is another Ripple sell-off that occurs every month and could negatively impact the price of XRP in the coming weeks.
Since 2017, Ripple has been releasing 1 billion tokens from escrow accounts on the first day of every month. April will mark the beginning of a new era of XRP inflation as the company has been running different accounts for the past few years.
Until this time, according to XRPScan, the company used the accounts “Ripple (22)” and “Ripple (23)”.
Analysis of the XRP price against the backdrop of sales It is worth paying attention to how previous Ripple sales affected the price of XRP. The chart below shows all XRP sales year-to-date, broken down by day.
Interestingly, only two out of eight days had positive price action. However, even these “green” days were marked by very modest achievements, while the negative days had much more impressive consequences.
