XRP Coin Price at a Critical Threshold: Time to Take Action

As of April 1st, Ripple will unlock 1 billion XRP tokens, which can impact the monthly sales process as part of the markets since 2017. The unlocking, which has been taking place on the first day of each month, will occur from new accounts in April. The company used to utilize ‘Ripple (22)’ and ‘Ripple (23)’ accounts, but now will be using ‘Ripple (10)’ and ‘Ripple (11)’ wallets. Sales from New Ripple Accounts Ripple will unlock 100 million and 400 million from the ‘Ripple (10)’ wallet and 200 million and 300 million from the ‘Ripple (11)’ wallet. ‘Ripple (22)’ and ‘Ripple (23)’ accounts were previously used in the unlocking process. March Unlockings and Their Impact In March, the company unlocked 1 billion XRP, allocated 200 million tokens, and relocked the remainder for 2027 from the ‘Ripple (1)’ wallet. Additionally, 240 million XRP was spent from the ‘Ripple (1)’ wallet. These […]

XRP Coin Price at a Critical Threshold: Time to Take Action

As of April 1st, Ripple will unlock 1 billion XRP tokens, which can impact the monthly sales process as part of the markets since 2017. The unlocking, which has been taking place on the first day of each month, will occur from new accounts in April. The company used to utilize ‘Ripple (22)’ and ‘Ripple (23)’ accounts, but now will be using ‘Ripple (10)’ and ‘Ripple (11)’ wallets.

Sales from New Ripple Accounts

Ripple will unlock 100 million and 400 million from the ‘Ripple (10)’ wallet and 200 million and 300 million from the ‘Ripple (11)’ wallet. ‘Ripple (22)’ and ‘Ripple (23)’ accounts were previously used in the unlocking process.

March Unlockings and Their Impact

In March, the company unlocked 1 billion XRP, allocated 200 million tokens, and relocked the remainder for 2027 from the ‘Ripple (1)’ wallet. Additionally, 240 million XRP was spent from the ‘Ripple (1)’ wallet. These actions significantly impacted the price of XRP.

The XRP price is usually negatively affected after various unlockings. Occasionally, some minor positive movements are observed, but generally, there are sharp declines. Currently, XRP is trading at $0.6378 and continues to stay above the $0.60 support level experiencing some recovery.

The sales activities to be carried out in April are crucial for investors and can determine market volatility. Therefore, it is recommended for investors to carefully monitor Ripple’s sales.

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