Ripple, the largest holder of XRP, significantly influences the token’s price fluctuations through strategic monthly unlocks and sell-offs. To date, Ripple has offloaded approximately 1.826 billion XRP (worth ~$1.07 billion) from its Treasury account, shaping market trends in 2024.
Ripple’s Sales Activity and Market Reactions
Early-Year Sales (January–March)
- January: Sold 226 million XRP over three days → price dip.
- February: Sold 260 million XRP → mixed performance (two positive days).
- March: Sold 240 million XRP → negative price action.
Mid-Year Sales (April–June)
- April & May: 200 million XRP sold monthly → gains on three trading days.
- June: Largest sell-off (400 million XRP) → price declines.
- Recent: 300 million XRP sold in two batches → aligned with price surge.
Current XRP Performance and Market Trends (July 2024)
- Price: $0.603 (2.3% 24h gain).
- Trend: Downtrend in 2024 with lower highs/lows, linked to Ripple’s sales and 3.26% supply inflation.
- Circulating Supply: 55.91 billion XRP.
👉 How does Ripple’s XRP strategy affect long-term value?
Upcoming Unlocks and Investor Outlook
- August 1: Ripple will unlock 1 billion XRP, with partial sales expected.
- Key Action: Monitor Ripple’s sales for potential price impacts.
Recent Price Movements (July 19–22)
- Rebound: XRP rose 12% ($0.54 → $0.60), outpacing Bitcoin (+7%) and Ethereum (+5%).
- Catalyst: Political news (e.g., U.S. election updates) may have influenced sentiment.
FAQs
1. How does Ripple’s XRP supply affect its price?
Increased supply from sales can create downward pressure, as seen in 2024’s downtrend.
2. What should investors watch for in August?
The 1 billion XRP unlock and Ripple’s subsequent sales could drive volatility.
👉 Is XRP a good investment amid Ripple’s sales?
3. Why did XRP rebound in late July?
Market-wide recovery and external factors (e.g., political news) contributed.
4. How does XRP’s performance compare to Bitcoin?
XRP’s 12% rebound (July 19–22) surpassed Bitcoin’s 7% rise, showing higher volatility.
Stay updated on Ripple’s moves to navigate XRP’s evolving market dynamics.
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