April

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-unlocks-xrp-tokens-and-impacts-market/" data-wpel-link="internal">Ripple Unlocks XRP Tokens and Impacts Market</a> 
From past to present, <a href="https://en.coin-turk.com/investors-maintain-positive-positions-in-xrp-despite-sec-lawsuit/" data-wpel-link="internal">XRP</a>, which hosts one of the biggest mysteries of the cryptocurrency world, continues to witness the ongoing lawsuit between Ripple and the SEC, while Ripple’s traditional monthly unlock is approaching again. This situation has created anxiety in the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>. 
<h2 style="text-align: justify" id="xrp-unlocks">XRP Unlocks</h2> 
Ripple company will unlock approximately 1 billion XRP worth around $470 million on July 1 as part of planned transactions. This is expected to have a negative impact on the XRP price. 
Historical <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> that since 2017, Ripple has unlocked 1 billion tokens on the first day of each month through its escrow treasury. According to data provided by XRPScan, the company has been using the ‘Ripple (24)’ and ‘Ripple (25)’ addresses for transactions since May 2024. These wallets hold monthly 1 billion XRP tokens locked until January 2025. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365484" src="https://coin-turk.com/wp-content/uploads/2024/06/ripple-coin-turk-com.png" alt="" width="753" height="420"> 
Two unlocks consisting of 100 million and 400 million tokens will be made from the Ripple (24) escrow, totaling 500 million XRP. Additionally, a single escrow of 500 million tokens will be unlocked from Ripple (25) on July 1. 
On June 1, 1 billion XRP was unlocked from the ‘Ripple (24)’ and ‘Ripple (25)’ escrow addresses. Following this, Ripple allocated 200 million tokens for company continuity and payments and locked the remaining portion in a new escrow planned to open in September 2027. 
Additionally, the company allocated 200 million XRP for sales, raising the targeted amount for the largest monthly sale in its history to 400 million. 
<h2 style="text-align: justify" id="xrp-price-outlook">XRP Price Outlook</h2> 
Considering the supply introduced into the market by the unlocks, the sales by Ripple have created significant selling pressure on XRP. Historical analyses have shown how the XRP price has dropped following Ripple token sales. 
In 2024, out of fourteen sales conducted by Ripple, only five resulted in positive price movements. Specifically, increases were seen on February 5, February 11, April 14, May 13, and May 20, while the remaining nine days saw declines. 
Another analysis of XRP showed that in the first six months of 2024, four months had a negative monthly outlook. The 1 billion XRP unlock on June 1 also resulted in a price drop. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365482" src="https://coin-turk.com/wp-content/uploads/2024/06/xrp-gorsel-coin-turk-com.png" alt="" width="755" height="478"> 
As of the time of writing, XRP is trading at $0.47 after a 1.85% drop. The market cap is $26.1 billion, while the 24-hour trading volume is $880 million. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-unlocks-xrp-tokens-and-impacts-market/" data-wpel-link="internal">Ripple Unlocks XRP Tokens and Impacts Market</a></h5>

Ripple Unlocks XRP Tokens and Impacts Market

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