April

<div class="finbold">
 <p class="paragraph">Ripple has reserved 200 million out of the 1 billion XRP unlocked in April for its monthly sell-off. This amount is worth nearly $120 million, with XRP price trading below the $0.60 resistance.</p>
 <p class="paragraph">Notably, the company has around 39.90 billion tokens locked in escrows from the initial distribution that never circulated. Ripple unlocks 1 billion of these XRP tokens every month and re-locks an arbitrary amount for further release.</p>
 <p class="paragraph">Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value and also XRP’s short-term price action.</p>
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 <p class="paragraph">In particular, the company prepared this month’s selling activity by sending the 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP from ‘Ripple (22)’ to ‘Ripple (1)’. The institution controls both accounts, with the former being the unlocked escrow address and the latter used as its treasury <a rel="noopener noreferrer nofollow" title="reserves" href="https://thebittimes.com/tag/reserves.html">reserves</a>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="138" src="https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp" alt class="wp-image-165658" srcset="https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 1024w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 768w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 1536w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (1) account summary. Source: <em>XRP Scan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-ripple-escrow-activity-in-april">Ripple escrow activity in April</h2>
 <p class="paragraph">Similarly to what happened in previous months, escrows have reached finality within the ‘Ripple (22)’ and ‘Ripple (23)’ accounts. Notably, these escrows were previously not disclosed in <em>XRPScan</em>, which shows no more unlocks for both accounts.</p>
 <p class="paragraph">As developed, ‘Ripple (22)’ first sent the 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP for April’s <a rel="noopener noreferrer nofollow" title="sell-" href="https://thebittimes.com/tag/sell.html">sell-</a>off to ‘Ripple (1)’. Later, the account sent 300 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> tokens to ‘Ripple (12)’ and re-locked the amount for an escrow to August 2027.</p>
 <p class="paragraph">Meanwhile, the ‘Ripple (23)’ account sent 100 million and 400 million to ‘Ripple (12)’ and ‘Ripple (13)’, respectively. Both are also in escrows that will unlock by August 2027.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="549" src="https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp" alt class="wp-image-165659" srcset="https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 1024w, https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 768w, https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 1394w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly Ripple (XRP) unlock – April, 2024. Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="xrp-price-analysis-amid-ripple-sell-offs">XRP price analysis amid Ripple sell-offs</h2>
 <p class="paragraph">It is notable how Ripple’s previous <a rel="noopener noreferrer nofollow" title="sell-" href="https://thebittimes.com/tag/sell.html">sell-</a>offs coincide with significant XRP price movements. Finbold placed each of the company’s selling activities year-to-date on XRP’s daily chart.</p>
 <p class="paragraph">So far, Ripple made its sales on January 7, 16, and 30, February 5, 11, and 20, and March 5 and 13. 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="662" src="https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp" alt class="wp-image-165660" srcset="https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 1024w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 768w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 1536w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 1876w" 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 $0.585, having lost range support at $0.60. Therefore, investors should closely monitor Ripple’s selling activities in April as they could cause further drops in price moving forward.</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/ripple-sell-off-alert-200-million-xrp-for-april-s-reserves-tbt84237.html">https://thebittimes.com/ripple-sell-off-alert-200-million-xrp-for-april-s-reserves-tbt84237.html</a></p>

Ripple sell-off alert: 200 million XRP for April’s reserves

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