Bitcoin

April

<div class="finbold">
 <p class="paragraph">Ripple, the company behind the XRP Ledger development, will unlock 1 billion XRP tokens on April 1, worth $628.5 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks.</p>
 <p class="paragraph">Historically, Ripple has been <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ing 1 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> tokens through escrows, finalized on the first day of every month since 2017. April will mark the start of a new epoch for XRP’s inflation, using different accounts from the past few years.</p>
 <p class="paragraph">So far, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to <em>XRPScan</em>, as reported in March’s <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>.</p>
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 <p class="paragraph">Now, ‘Ripple (10)’ will <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> 100 million and 400 million XRP, while ‘Ripple (11)’ will do two <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>s of 200 million and 300 million tokens.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="252" src="https://cdn.thebittimes.com/images/2024/03/29/d193e62a176e833fc20f47e09b6ff14f.webp" alt class="wp-image-164655" srcset="https://cdn.thebittimes.com/images/2024/03/29/d193e62a176e833fc20f47e09b6ff14f.webp 1024w, https://cdn.thebittimes.com/images/2024/03/29/d193e62a176e833fc20f47e09b6ff14f.webp 300w, https://cdn.thebittimes.com/images/2024/03/29/d193e62a176e833fc20f47e09b6ff14f.webp 768w, https://cdn.thebittimes.com/images/2024/03/29/d193e62a176e833fc20f47e09b6ff14f.webp 1536w, https://cdn.thebittimes.com/images/2024/03/29/d193e62a176e833fc20f47e09b6ff14f.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Assets summary and escrows for Ripple (10) and Ripple (11). Source: <em>XRPScan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-what-happened-after-ripple-s-xrp-token-unlock-in-march">What happened after Ripple’s XRP token unlock in March</h2>
 <p class="paragraph">The escrow system unlocked 1 billion XRP on March 1, from ‘Ripple (22)’ and ‘Ripple (23)’ accounts. Later, Ripple reserved 200 million tokens for March’s sell-off and re-locked the rest in escrows for July and August 2027.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="555" src="https://cdn.thebittimes.com/images/2024/03/29/2705cdbdbf31331bff5b39630a71b334.webp" alt class="wp-image-158255" srcset="https://cdn.thebittimes.com/images/2024/03/29/2705cdbdbf31331bff5b39630a71b334.webp 1024w, https://cdn.thebittimes.com/images/2024/03/29/2705cdbdbf31331bff5b39630a71b334.webp 300w, https://cdn.thebittimes.com/images/2024/03/29/2705cdbdbf31331bff5b39630a71b334.webp 768w, https://cdn.thebittimes.com/images/2024/03/29/2705cdbdbf31331bff5b39630a71b334.webp 1394w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly Ripple (XRP) unlock – March, 2024. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">However, the company spent 240 million XRP from its treasury account, ‘Ripple (1),’ in March, using old reserves. The sell-offs occurred in two batches, all sent to the same address, ‘rP4X2…Kxv3’.</p>
 <p class="paragraph">As developed, Ripple sent the 200 million XRP to its reserves on March 1. Further, the payment protocol made one transaction of 100 million tokens on March 5 and one of 140 million XRP on March 13.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="241" src="https://cdn.thebittimes.com/images/2024/03/29/87de61d67b886f9ff7d4da52dab77032.webp" alt class="wp-image-164656" srcset="https://cdn.thebittimes.com/images/2024/03/29/87de61d67b886f9ff7d4da52dab77032.webp 1024w, https://cdn.thebittimes.com/images/2024/03/29/87de61d67b886f9ff7d4da52dab77032.webp 300w, https://cdn.thebittimes.com/images/2024/03/29/87de61d67b886f9ff7d4da52dab77032.webp 768w, https://cdn.thebittimes.com/images/2024/03/29/87de61d67b886f9ff7d4da52dab77032.webp 1536w, https://cdn.thebittimes.com/images/2024/03/29/87de61d67b886f9ff7d4da52dab77032.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (1) account summary and transactions. Source: <em>XRPScan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="xrp-price-analysis-amid-sell-offs">XRP price analysis amid sell-offs</h2>
 <p class="paragraph">It is notable how Ripple’s previous sell-offs could have impacted the XRP price. Finbold placed each of the company’s selling activities year-to-date on XRP’s daily chart.</p>
 <p class="paragraph">Interestingly, only two out of eight days had a slightly positive price action. Yet, even these ‘green’ days were made of shy gains, while the negative ones were more impactful.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/29/3a887015fe8290dec233dd552cf9a57b.webp" alt class="wp-image-164657" srcset="https://cdn.thebittimes.com/images/2024/03/29/3a887015fe8290dec233dd552cf9a57b.webp 1024w, https://cdn.thebittimes.com/images/2024/03/29/3a887015fe8290dec233dd552cf9a57b.webp 300w, https://cdn.thebittimes.com/images/2024/03/29/3a887015fe8290dec233dd552cf9a57b.webp 768w, https://cdn.thebittimes.com/images/2024/03/29/3a887015fe8290dec233dd552cf9a57b.webp 1536w, https://cdn.thebittimes.com/images/2024/03/29/3a887015fe8290dec233dd552cf9a57b.webp 1877w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP/USD daily chart with Ripple sell-offs year-to-date. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">As of writing, XRP trades at $0.6285 while maintaining a range above the $0.60 support and below the $0.65 resistance. Therefore, investors should closely monitor Ripple’s selling activities in April after <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ing more than $628.5 million worth of tokens.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crash-incoming-ripple-to-unlock-1-billion-xrp-on-april-1-tbt83906.html">https://thebittimes.com/crash-incoming-ripple-to-unlock-1-billion-xrp-on-april-1-tbt83906.html</a></p>

Crash incoming? Ripple to unlock 1 billion XRP on April 1

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