{"id":639154,"date":"2024-09-02T08:00:06","date_gmt":"2024-09-02T08:00:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=639154"},"modified":"2024-09-02T08:05:10","modified_gmt":"2024-09-02T08:05:10","slug":"ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/","title":{"rendered":"Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami?"},"content":{"rendered":"<p><span id=\"input-sentence~0\">Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. Costing more than $560 million, the release has caused waves in the digital currency market.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/market-slip-drags-injective-down-16-despite-ongoing-developments\/\" target=\"_blank\" rel=\"noopener \">Market Slip Drags Injective Down 16% Despite Ongoing Developments<\/a><\/div>\n<p>First, 500 million <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\">XRP<\/a> were released in three consecutive phases; next were 200 million and finally 300 million.<span id=\"input-sentence~1\"> Every one of the three transactions was completed within minutes, suggesting that Ripple was onto maintaining really good token supply control.<\/span><\/p>\n<h2><strong>Market Reaction To The Unlock<\/strong><\/h2>\n<p>The price of XRP did go slightly lower right after the unlock, at $0.55, which is a drop of 2.26% from the previous day.<span id=\"input-sentence~2\"> This shouldn&#8217;t really be a surprise, given how large-scale releases have time and again proved to affect prices.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">According to Whale Alert, at 10:50 UTC+8 today, 1 billion XRP were unlocked from the rDqGA&#8230;mKxEsF in three transactions, with a value of over $560 million dollars. The address: rDqGA&#8230;mKxEsF was marked as an official Ripple address by XRPSCAN and bithomp.\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/05263882?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 1, 2024<\/a><\/p><\/blockquote>\n<p>Ripple&#8217;s Chief Technology Officer, David Schwartz, has previously acknowledged that mixed feelings when it comes to these monthly unlocks. While this may be an attempt to make the markets more transparent and predictable, in actual sense, such releases serve to inject volatility into the markets.<span id=\"input-sentence~3\"><\/span><\/p>\n<p>Interestingly, the unlocked tokens remain in the &#8220;Ripple 24&#8221; wallet, which means there are no immediate plans to further distribute them. That can soften a more severe drop in price since these tokens are not yet on the market.<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<p>However, analysts warn that the increased liquidity from such tokens may lead to possible sell-offs and further unpredictability of the token&#8217;s price in the near future.<span id=\"input-sentence~4\"><\/span><\/p>\n<h2><strong>Historical Context And Predictions<\/strong><\/h2>\n<p>Up until now, Ripple had been releasing 1 billion XRP every month, a tradition that started in May 2024, while more than 43 billion XRP remain locked up in escrow until December 2027.<\/p>\n<p>In fact, the organization believes its approach will ensure gradual control dilution and further decentralization of its network. Ripple&#8217;s willingness to sell has recently drawn investors&#8217; attention because such sales affect XRP&#8217;s price.<span id=\"input-sentence~5\"><\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/DTAajPmG\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">XRP is currently trading at $0.54. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Analysts are still divided about what could be the future of XRP. A few believe there could be a spike, similar to the exponential jumps in price that were seen in 2020, while others anticipate a flat, if not, stagnant trajectory.<span id=\"input-sentence~6\"><\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/tia-down-23-in-a-week-as-investors-eye-new-on-chain-projects\/\" target=\"_blank\" rel=\"noopener \">TIA Down 23% In A Week, As Investors Eye New On-Chain Projects<\/a><\/div>\n<h3><strong>Wider Ramifications For The Crypto Market<\/strong><\/h3>\n<p>Were XRP to break out from the shackles of its current trading patterns, some estimates put it as high as $4. This optimism is predicated on market demand and overall resilience in the crypto market.<\/p>\n<p>What Ripple is doing has effects that could spread well beyond just XRP in the market. More broadly, cautious optimism continues to define the crypto market while many investors remain in wait-and-see mode until clearer signs of an altcoin season materialize.<\/p>\n<p><em>Featured image from Nature, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. Costing more than $560 million, the release has caused waves in the digital currency market. Related Reading: Market Slip Drags Injective Down 16% Despite Ongoing Developments First, 500 million XRP were released in three consecutive phases; next were 200 million and finally 300 million. Every one of the three transactions was completed within minutes, suggesting that Ripple was onto maintaining really good token supply control. Market Reaction To The Unlock The price of XRP did go slightly lower right after the unlock, at $0.55, which is a drop of 2.26% from the previous day. This shouldn&#8217;t really be a surprise, given how large-scale releases have time and again proved to affect prices. According to Whale Alert, at 10:50 UTC+8 today, 1 billion XRP were unlocked from the rDqGA&#8230;mKxEsF in three transactions, with a value of over $560 million dollars. The address: rDqGA&#8230;mKxEsF was marked as an official Ripple address by XRPSCAN and bithomp.\u2026 \u2014 Wu Blockchain (@WuBlockchain) September 1, 2024 Ripple&#8217;s Chief Technology Officer, David Schwartz, has previously acknowledged that mixed feelings when it comes to these monthly unlocks. While this may be an attempt to make the markets more transparent and predictable, in actual sense, such releases serve to inject volatility into the markets. Interestingly, the unlocked tokens remain in the &#8220;Ripple 24&#8221; wallet, which means there are no immediate plans to further distribute them. That can soften a more severe drop in price since these tokens are not yet on the market. However, analysts warn that the increased liquidity from such tokens may lead to possible sell-offs and further unpredictability of the token&#8217;s price in the near future. Historical Context And Predictions Up until now, Ripple had been releasing 1 billion XRP every month, a tradition that started in May 2024, while more than 43 billion XRP remain locked up in escrow until December 2027. In fact, the organization believes its approach will ensure gradual control dilution and further decentralization of its network. Ripple&#8217;s willingness to sell has recently drawn investors&#8217; attention because such sales affect XRP&#8217;s price. Analysts are still divided about what could be the future of XRP. A few believe there could be a spike, similar to the exponential jumps in price that were seen in 2020, while others anticipate a flat, if not, stagnant trajectory. Related Reading: TIA Down 23% In A Week, As Investors Eye New On-Chain Projects Wider Ramifications For The Crypto Market Were XRP to break out from the shackles of its current trading patterns, some estimates put it as high as $4. This optimism is predicated on market demand and overall resilience in the crypto market. What Ripple is doing has effects that could spread well beyond just XRP in the market. More broadly, cautious optimism continues to define the crypto market while many investors remain in wait-and-see mode until clearer signs of an altcoin season materialize. Featured image from Nature, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":639169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1742,3680,4531,10972],"class_list":["post-639154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-digital-currency","tag-ripple","tag-xrp","tag-xrpusd"],"acf":[],"yoast_head":"\n<title>Ripple Unloads 1 Billion XRP: Could This Trigger A Price Tsunami?<\/title>\n<meta name=\"description\" content=\"Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. 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Costing more than $560\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-02T08:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-02T08:05:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_4f9c2d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1395\" \/>\n\t<meta property=\"og:image:height\" content=\"753\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami?\",\"datePublished\":\"2024-09-02T08:00:06+00:00\",\"dateModified\":\"2024-09-02T08:05:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/\"},\"wordCount\":525,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_4f9c2d.jpg?fit=1395%2C753\",\"keywords\":[\"altcoins\",\"digital currency\",\"Ripple\",\"xrp\",\"XRPUSD\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/\",\"url\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/\",\"name\":\"Ripple Unloads 1 Billion XRP: Could This Trigger A Price Tsunami?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/ripple-unleashes-1-billion-xrp-could-this-trigger-a-price-tsunami\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_4f9c2d.jpg?fit=1395%2C753\",\"datePublished\":\"2024-09-02T08:00:06+00:00\",\"dateModified\":\"2024-09-02T08:05:10+00:00\",\"description\":\"Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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