<p>The post <a href="https://coinpedia.org/news/ripple-to-unlock-1billion-xrp-on-1st-may-is-xrp-price-to-drop/" rel="noopener noreferrer nofollow">Ripple to Unlock 1Billion XRP on 1st May, Is XRP Price To Drop?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>On the first day of every month, Ripple, the blockchain payments firm, unlocks a significant amount of <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> tokens from its escrow. This monthly event, scheduled for May 1, will see 1 billion XRP tokens released into circulation, valued at over $500 million. This predictable unlock has raised concerns among investors and analysts about its potential impact on the XRP market in the coming weeks.</p>
<h2 class="wp-block-heading" id="h-ripple-s-to-release-1billion-xrp-on-may-1">Ripple’s To Release 1Billion XRP On May 1</h2>
<p>Ripple’s regular unlocking of XRP tokens has been a recurring event since 2017, with 1 billion tokens released on the <a href="https://coinpedia.org/news/ripple-unlocks-1b-xrp-from-escrow-account-amid-ongoing-sec-lawsuit-trouble-ahead/" target="_blank" rel="noopener noreferrer nofollow">first day of each month.</a> The upcoming unlock on May 1 follows this established pattern, utilizing escrow accounts designated as ‘Ripple (22)’ and ‘Ripple (23)’ for distribution, as indicated by XRPScan data from April’s unlock.</p>
<p>The monthly XRP unlock carries substantial weight within the cryptocurrency market. The impending release accounts for approximately 1.83% of the circulating XRP supply and 2.48% of the XRP tokens held in escrows under Ripple’s control, underscoring its significance in influencing supply dynamics.</p>
<h2 class="wp-block-heading" id="h-post-unlock-actions-by-ripple">Post-Unlock Actions by Ripple</h2>
<p>Following the <a href="https://coinpedia.org/news/navigating-ripples-escrow-analyzing-the-ripple-effect-of-500m-xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP unlock in April</a>, Ripple executed strategic transactions to manage the released tokens. Notably, ‘Ripple (22)’ transferred 200 million XRP to the treasury account ‘Ripple (1)’ for sale.&nbsp;</p>
<p>On April 14, <a href="https://coinpedia.org/news/navigating-ripples-escrow-analyzing-the-ripple-effect-of-500m-xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple conducted</a> a $48.5 million XRP sale in response to geopolitical tensions, followed by the liquidation of the remaining 100 million XRP reserved for sale on April 24.</p>
<h2 class="wp-block-heading" id="h-market-impact-on-ripple-s-xrp-release">Market Impact On Ripple’s XRP Release</h2>
<p>The market impact of Ripple’s XRP unlocks is closely monitored, given its potential to affect XRP’s supply dynamics and price. A recent analysis of XRP’s price behavior amid these events reveals mixed outcomes. While certain days experienced minor gains, negative trends persisted through most of the period.&nbsp;</p>
<p>For instance, January saw a 20% decline in <a href="https://coinpedia.org/news/why-this-whale-moved-53m-xrp-just-before-sec-deadline-of-29th-april/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a>, followed by a 16.6% increase in February driven by limited positive trading days. March exhibited positive momentum initially but faced a significant decline post-sell-off on March 13, resulting in a 17% drop until March 20.</p>
<p>As Ripple’s scheduled XRP unlocks continue, the market remains attentive to potential price fluctuations and supply dynamics. The upcoming release on May 1, valued at over $500 million, is expected to have reverberations within the cryptocurrency community.</p>
<p>Also Check Out : <a href="https://coinpedia.org/news/crypto-whales-are-stacking-these-altcoins-for-maximum-profits-in-may/" rel="noopener noreferrer nofollow">Crypto Whales Are Stacking These Altcoins For Maximum Profits in May</a></p>

Ripple to Unlock 1Billion XRP on 1st May, Is XRP Price To Drop?

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