ZENITH ZORO
--
⚠️ SHOCKING: RIPPLE OFFLOADS $500 MILLION IN $XRP AMID MARKET STRUGGLE ⚠️
🚨 Is Ripple's Sell-Off the Reason Behind XRP’s Setback?
Ripple has executed a massive sell-off, transferring 200 million XRP—valued at $500 million—into circulation as XRP fights to recover from a sharp correction. This move could dampen price recovery by meeting substantial demand with fresh supply.
🔑 Key Highlights
1️⃣ Ripple’s Strategic Sell-Off
On December 11, Ripple liquidated its December reserves of 200 million XRP through its intermediary address 'rP4X2h(...)'.At $2.43 per XRP, this amounts to approximately $486 million injected into the market.
2️⃣ XRP’s Recent Struggles
Following a rally that briefly placed XRP in the 3rd position by market cap, it slipped back to 4th due to adverse technical indicators and dismissed rumors about Ripple’s RLUSD.XRP’s Relative Strength Index (RSI) on December 4 predicted a downturn, which materialized with a price drop to $2.00.
3️⃣ Market Dynamics
XRP's market cap currently stands at $138.8 billion, narrowly trailing Tether’s $139 billion.Ripple's sell-off may limit XRP’s ability to reclaim the 3rd spot, as increased supply could counteract bullish momentum.
📉 Recent Price History and Market Impact
November 29: XRP surpassed $100 billion in market cap, momentarily overtaking Solana.December 4: XRP hit a market cap of $165.74 billion at an all-time high price of $2.90, briefly ranking above Solana and USDT.Current Price: XRP trades at $2.43, with a market cap gap of less than $1 billion behind USDT.
🚀 Can XRP Rebound?
💡 Optimistic Outlook:
XRP has demonstrated resilience in past corrections, and growing momentum could help reclaim the 3rd position.
💡 Cautionary Note:
Ripple’s significant token sales may weigh on short-term recovery, and competition remains fierce as Tether’s USDT and Circle’s USDC vie for dominance.
#RLUSDApprovalBoostXRP #Write2Earn! #ETHETFsApproved #Megadrop #BinanceSquareFamily
🚨 Is Ripple's Sell-Off the Reason Behind XRP’s Setback?
Ripple has executed a massive sell-off, transferring 200 million XRP—valued at $500 million—into circulation as XRP fights to recover from a sharp correction. This move could dampen price recovery by meeting substantial demand with fresh supply.
🔑 Key Highlights
1️⃣ Ripple’s Strategic Sell-Off
On December 11, Ripple liquidated its December reserves of 200 million XRP through its intermediary address 'rP4X2h(...)'.At $2.43 per XRP, this amounts to approximately $486 million injected into the market.
2️⃣ XRP’s Recent Struggles
Following a rally that briefly placed XRP in the 3rd position by market cap, it slipped back to 4th due to adverse technical indicators and dismissed rumors about Ripple’s RLUSD.XRP’s Relative Strength Index (RSI) on December 4 predicted a downturn, which materialized with a price drop to $2.00.
3️⃣ Market Dynamics
XRP's market cap currently stands at $138.8 billion, narrowly trailing Tether’s $139 billion.Ripple's sell-off may limit XRP’s ability to reclaim the 3rd spot, as increased supply could counteract bullish momentum.
📉 Recent Price History and Market Impact
November 29: XRP surpassed $100 billion in market cap, momentarily overtaking Solana.December 4: XRP hit a market cap of $165.74 billion at an all-time high price of $2.90, briefly ranking above Solana and USDT.Current Price: XRP trades at $2.43, with a market cap gap of less than $1 billion behind USDT.
🚀 Can XRP Rebound?
💡 Optimistic Outlook:
XRP has demonstrated resilience in past corrections, and growing momentum could help reclaim the 3rd position.
💡 Cautionary Note:
Ripple’s significant token sales may weigh on short-term recovery, and competition remains fierce as Tether’s USDT and Circle’s USDC vie for dominance.
#RLUSDApprovalBoostXRP #Write2Earn! #ETHETFsApproved #Megadrop #BinanceSquareFamily
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0