Token

Shift

bullish

<ul>
 <li>Ripple’s 500 million XRP release, valued at $281 million, triggers speculation of market impact amid ongoing whale activity.</li>  
 <li>Despite a 5% weekly drop, XRP has surged 18.72% over the past month, highlighting market volatility and potential for price reversal.</li>  
 <li>Whale transactions, including a significant transfer from Binance, suggest bullish sentiment as traders anticipate potential XRP price gains.</li> 
</ul>  
<p>A recent XRP escrow release of 500 million tokens, totalling an approximate of $281 million, has provoked speculation of a potential sell-off for the XRP tokens.Some in crypto community expressed their concerns of regarding the recent XRP move, according to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>surge of nearly 2% in the past hour&nbsp; and 2.5% decrease in the past 24 hours were recorded.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-ripple-s-500m-xrp-release-raises-market-concerns"><strong>Ripple’s 500M XRP Release Raises Market Concerns</strong></h2>  
<p>The release of the tokens to a unknown wallet was noted by Whale Alert through X space confirming the escrow release, which transferred the XRP tokens . This event is not unprecedented, as Ripple has a longstanding practice of scheduled escrow releases to manage XRP supply.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/whale_alert/status/1819502995240833387
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</figure>  
<p>Through a blog post, <a href="https://cryptonewsland.com/ripple-launches-rlusd-stablecoin-page-to/" rel="noopener noreferrer nofollow">Ri</a><a href="https://cryptonewsland.com/ripple-launches-rlusd-stablecoin-page-to/" target="_blank" rel="noopener noreferrer nofollow">p</a><a href="https://cryptonewsland.com/ripple-launches-rlusd-stablecoin-page-to/" rel="noopener noreferrer nofollow">ple </a>confirmed that it has&nbsp; placed 55 billion XRP into escrows, releasing 1 billion monthly in a system controlled by ledger mechanics, designed to enhance XRP supply predictability and secure cross-ledger transactions.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-xrp-performance-recent-trends-and-market-implications"><strong>XRP Performance: Recent Trends and Market Implications</strong></h3>  
<p>While the gradual increase in XRP supply could lead to price dilution to maintain market capitalization, the team emphasizes that the actual amount of XRP entering circulation is likely to be less than the released amount. Any leftover XRP is placed into new escrows for future release.</p>  
<p>Meanwhile, a separate transaction involving a transfer of over 23 million XRP, valued at $13 million, from Binance to an unknown wallet hinted that the holder is bullish in the short term and expects a price surge. As a result, the wallet transferred the XRP holdings to a cold&nbsp; wallet.</p>  
<p>XRP has seen a 7.88% fall in the past seven and a 21.06% increase in a&nbsp; month. Despite its weak performance in the crypto market since August 2023, the recent whale movements indicate that a price shift might be seen.</p>  
<p>CoinMarketCap data reveals that. XRP is currently at a price of $0.5567 with a total market cap&nbsp; of $31,167,646,701 at the time of writing&nbsp; holding its rank at number seven.</p>  
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripple-secures-800m-xrp-in-escrow-amid-intense-market-movements/" rel="noopener noreferrer nofollow">Ripple Secures 800M XRP in Escrow Amid Intense Market Movements</a></li>  
 <li><a href="https://cryptonewsland.com/more-than-500m-new-consumers-could-buy-crypto-by-2030/" rel="noopener noreferrer nofollow">More Than 500M New Consumers Could Buy Crypto By 2030</a></li>  
 <li><a href="https://cryptonewsland.com/ripple-unlocks-1-billion-xrp-will-the-crypto-market-witness-a-surge-in-prices/" rel="noopener noreferrer nofollow">Ripple Unlocks 1 Billion XRP: Will the Crypto Market Witness a Surge in Prices?</a></li>  
 <li><a href="https://cryptonewsland.com/suspected-justin-sun-address-moves-500m-usdt/" rel="noopener noreferrer nofollow">Suspected Justin Sun Address Moves 500M USDT</a></li>  
 <li><a href="https://cryptonewsland.com/ripple-announces-powerful-fusion-with-ilp-is-this-the-rocket-fuel-for-a-new-xrp-ath/" rel="noopener noreferrer nofollow">Ripple Announces Powerful Fusion With ILP, Is This the Rocket Fuel for a New XRP ATH?</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/xrp-whales-signal-market-shift-after-ripples-500m-token-escrow-release/" rel="noopener noreferrer nofollow">XRP Whales Signal Market Shift After Ripple’s 500M Token Escrow Release</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Whales Signal Market Shift After Ripple’s 500M Token Escrow Release

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