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<ul>
 <li>XRP’s peak at $3.84 on Jan 4, 2018, remains unbroken, with current trading at $0.4948.</li>
 <li>Ripple holds over 40 billion XRP, potentially worth $153 billion at $3.84 per coin.</li>
 <li>Data shows 1.75M wallets hold 0-20 XRP, with minimal impact on liquidity at $3.84.</li>
</ul>
<p>Ripple’s possible impact on XRP’s price trend has the XRP community abuzz with speculative activity. Fearing that Ripple will prevent XRP from reaching its previous all-time high of $3.84, several members of the XRP Army voice their concerns.</p>
<p><strong>Inspiration from Ripple’s Monthly XRP Sales</strong></p>
<p>This speculation stems from Ripple’s regular XRP sales and the belief that a surge to $3.84 could trigger profit-taking by long-term holders, potentially causing Ripple to lose retail liquidity.</p>
<p>A recent post ignited this debate, prompting diverse opinions within the community. One viewpoint suggests that Ripple’s delay in achieving $3.84 could indicate reluctance to facilitate such a price surge.</p>
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   <p lang="en" dir="ltr">Yeah I’ve thought this too. I don’t want to believe it’s true but yeah retail owns so much of it and they have starved the whole XRP community for so long that they could be in a situation where they can’t let it rip. Idk.</p>— Wen Moon – Raise Hell, Praise Dale (@WenMoonTok) <a href="https://twitter.com/WenMoonTok/status/1803159370810761264?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 18, 2024</a>
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<p><strong>The Significance of $3.84 for XRP</strong></p>
<p>The $3.84 mark holds immense significance as XRP’s historical peak, reached on January 04, 2018. Despite subsequent bull markets, XRP has yet to revisit this level, now trading at $0.4933, representing a substantial decline.</p>
<p>While some argue that retail investors’ potential exit at $3.84 could disrupt XRP’s liquidity, others contend that their impact is minimal based on data from the XRP Rich List that approximately 1.75 million XRP wallets have 0-20 tokens, totaling 21.27 million XRP. Around 2.42 million wallets have 20-500 tokens, totaling 181.86 million XRP, while 160 wallets have over 6 billion XRP.</p>
<p>XRP enthusiast John K, based in New York, suggests that Ripple preventing XRP from reaching $3.84 would be counterproductive. He highlights Ripple’s substantial XRP holdings and the potential benefits of a $3.84 price surge.</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">If that is true it’s self defeating – the very reason price keeps falling is the increased perception that price will never rise due to constant monthly dumps by Ripple – if they refuse to let XRP reach/exceed ATH at some point price will completely collapse back to sub 20 cents</p>— John K (@JohnKandy9) <a href="https://twitter.com/JohnKandy9/status/1803202106939068576?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 18, 2024</a>
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<p><strong>Ripple’s Potential Gain&nbsp;</strong></p>
<p>Ripple’s holdings, exceeding 40 billion XRP in spendable balance and escrow, valued at approximately $20 billion. Therefore, a $3.84 price per XRP puts the company on a reserve of over $153 billion contradicting notions of Ripple suppressing the price due to retail exits.</p>
<p>Ultimately, XRP’s price is subject to market dynamics beyond Ripple’s influence. Even if Ripple aimed to suppress prices, its vast holdings, largely escrowed, limit immediate market impact.</p>
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<p>The post <a href="https://cryptonewsland.com/xrp-enthusiasts-fear-ripple-could-hinder-3-84-price-surge/" rel="noopener noreferrer nofollow">XRP Enthusiasts Fear Ripple Could Hinder $3.84 Price Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Enthusiasts Fear Ripple Could Hinder $3.84 Price Surge

Crypto News Land

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