🚨 Ripple Unloads $500M XRP Amid Market Struggles – Will It Sink XRP Further? 🚨
Ripple has offloaded its entire 200 million XRP reserve, worth $500 million, raising alarms about the impact on XRP’s price recovery. Once flying high in the 3rd spot by market cap, XRP has slipped to 4th after a sharp correction.
Currently priced at $2.43, $XRP 's market cap sits at $138.8 billion, slightly behind USDT’s $139 billion. Ripple’s selling spree, a routine operation, comes after XRP’s failed rally to sustain its all-time high of $2.90 on November 29.
As XRP fights to reclaim the 3rd position, rising competition from stablecoins like USDT and USDC could make the path harder. Will XRP's momentum be enough to recover, or will Ripple's massive sell-off hold it back?