šØ Ripple just unlocked 1 billion XRP tokens, valued at a staggering $1.92 billion. But what does this mean for the price of XRP and its future in the market? Letās break it down.
š Whatās Happening?
Rippleās regular monthly unlock process continues as part of its escrow release plan. The company gradually releases 55 billion XRPāabout 55% of the total supplyāfrom escrow, maintaining predictability in its supply chain. This monthās release brings the total unlocked XRP to 1 billion tokens. Ripple currently holds 37.24 billion XRP in escrow.
š„ How Will This Impact XRPās Price?
The release of a large amount of XRP can create short-term volatility, and with the market buzzing from XRPās 283.9% gain in November, itās under a microscope. However, despite concerns, XRP's price only dropped by 2.4% on the first day of Decemberāthis is a minor correction compared to the massive bullish rally from last month.
š Stability Despite Release
Despite the release, XRP remains above its opening price of $1.93 on exchanges like Bitstamp. This shows the market has absorbed the impact without major disruptions. Investors seem to have confidence in the long-term outlook of XRP, even with monthly unlocks in play.
š® Whatās Next for XRP?
The coming days, especially with higher trading volumes on Monday, will be key in determining whether XRP continues its upward momentum or faces more volatility. As XRP enters December, the big question is: Will it sustain its bullish streak?
ā” Keep Up with Rippleās Moves
XRP continues to make headlines and spark debate. Whether youāre watching the price action or analyzing Rippleās strategic moves, one thing is clearāXRPās journey is far from over.
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