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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Ripple Releases 1 Billion XRP—Again, Is Something Big About to Happen?

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XRP Price Crash

The post Ripple Releases 1 Billion XRP—Again, Is Something Big About to Happen? appeared first on Coinpedia Fintech News

Ripple has once again unlocked a massive 1 billion XRP, the second time in a month, but this time, things are different! The release came two days later than usual, fueling speculation across the crypto market. Traders are wondering if Ripple is changing its strategy or preparing for something big. Meanwhile, XRP’s price has dipped, and analysts predict wild price swings.

Ripple Releases 1 Billion XRP—Again

According to Whale Alert, a well-known tracker of large crypto transactions, Ripple moved 1 billion XRP from escrow in three separate transactions. The largest batch was 500 million XRP, worth over $1 billion. The other two transfers, each of 200 million XRP, added up to hundreds of millions more.

Interestingly, this release happened two days later than Ripple’s usual schedule. On April 2, Ripple first locked 700 million XRP in two separate transactions into escrow before unlocking the usual monthly 1 billion on April 3. This slight shift in timing has fueled speculation within the crypto community.

Ripple’s Changing XRP Release Pattern

Ripple has followed a strict XRP release schedule since 2017, unlocking 1 billion XRP at the start of every month to maintain liquidity in the market. However, they typically lock back around 700 million XRP to control supply.

But recent months show a change. In March, Ripple also released XRP on the 3rd instead of the 1st, and now they’ve done it again in April. Is this a sign of a new strategy? Some traders believe Ripple may be adjusting its approach, possibly in preparation for a major market event.

XRP Community Feels Confused

The XRP community was quick to react to the news, with many expressing confusion. Comments flooded social media with questions like “What is going on here?” and “Is something big coming?”

However, some pointed out that this happens every month and there’s no need to panic. One user even said, “They always lock most of it back. Are you all new here?”

With Ripple making subtle but noticeable changes in its XRP release pattern, all eyes are on what comes next. Could this be a sign of a major shift in the market? Stay tuned!

XRP Eyes $3, But a Dip Is Possible!

After Ripple unlocked one billion XRP tokens, the price of XRP dropped 5% in the past 24 hours, slipping below the $2.00 psychological level.

Prominent crypto analyst Egrag shared his XRP price prediction for April, analyzing the XRP/USDT chart. He described the market as being in a “boredom phase” but sees the potential for big price moves this month.

Egrag believes XRP could rise to $2.80–$3.00 in April, though he thinks this jump may not last long. On the other hand, he also expects a dip to the $1.90–$1.79 range but believes it will be brief.

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