Have you heard about this, my friends?
XRP has fallen 6% recently. Why?
It turns out that Ripple plans to release 1 billion XRP tokens at once on New Year's Day in 2025! So many tokens will be released into the market, which will cause a selling frenzy, and the price will naturally fall.
Let's talk about the Federal Reserve, which is also a headache. They lowered the expectations of interest rate cuts, making the financial market like a roller coaster, up and down. Assets with some risks like XRP are even more volatile due to this uncertainty.
Look, XRP has fallen so badly in the past few weeks. It has finally risen before, but now it is almost back to its original shape, and it can't even hold the $2 mark. Now, investors are worried that the price will continue to fall.
In fact, the reason for this decline is not just that Ripple wants to release tokens, the entire market environment is affecting it. Once the Fed adjusts its policy, the entire financial market will tremble, and cryptocurrencies such as XRP are certainly not immune.
However, some analysts are quite optimistic. They say that XRP may be in the adjustment stage now, just like in early 2024. If it can survive this difficulty and break through the resistance level of $2.73, it may rebound all the way to $3, or even set a new record high! But it all depends on the market, and we can only wait and see.
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