"XRP faces turbulence with a 6% drop as Ripple's January token unlock looms—will recovery or more volatility follow?"
XRP Drops 6% Amid Fears of January Token Unlock
TL;DR:
Upcoming Token Unlock: On January 1, 2025, Ripple will release 1 billion XRP tokens, potentially increasing selling pressure and market volatility.
Macroeconomic Impact: The U.S. Federal Reserve has lowered its expectations for rate cuts, creating broader uncertainty that affects risk assets like XRP.
Future Outlook: If XRP overcomes key resistance levels, it could recover significantly and aim for a new all-time high.
Stay updated and trade cautiously as we approach the unlock date!
