$XRP
đ„đ„Ripple unlocks 1 billion XRP to sell in February
The unlock will occur for the first time from the accounts XRP Scan labels as âRipple (26)â and âRipple (27)â. Before that, the unlocks were happening from âRipple (24)â and âRipple (25)â, as Finbold reported multiple times throughout 2024.
In particular, âRipple (26)â will unlock two escrows of 400 million and 100 million XRP, while âRipple (27)â will unlock a single escrow of 500 million XRP.
According to past activities, Ripple could keep between 200 million to 470 million XRP from the unlocked 1 billion. Previously, in January, the company reserved 300 million XRP to sell and distribute in the market
XRP price analysis
By press time, XRP is trading at $3.10 per token, up 45.44% in a month, from Januaryâs unlock. The upward demand pressure has challenged Rippleâs selling pressure from the 300 million reserved XRP, bringing XRP to remarkable levels.However, for the price to continue its upwardâs trajectory, XRP must be able to continue to find demand among retail and institutional investors, as Ripple continues to offload significant shares of their holdings and the tokenâs circulating supply.
