The post XRP Price Crash to $0.60? Analysts Warn of Sharp Correction appeared first on Coinpedia Fintech News
XRP has once again drawn attention from the crypto community, not just for its recent price surge but also for concerns about its centralized token supply. According to Crypto analyst IncomeSharks, over 43% of XRP tokens remain locked and are not in circulation, raising fears of a sharp drop back to $0.60 soon.
43% XRP Held By Ripple
In a recent tweet post, IncomeSharks pointed out that nearly half of XRP’s total supply remains locked away. Ripple, the company behind XRP, controls 38.9 billion tokens in its escrow accounts. This level of centralization has raised worries among investors about the potential for manipulation.
