{"id":639319,"date":"2025-09-02T18:30:02","date_gmt":"2025-09-02T18:30:02","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=639319"},"modified":"2025-09-02T16:17:23","modified_gmt":"2025-09-02T16:17:23","slug":"xrp-price-plunged-to-0-55","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/xrp\/xrp-price-plunged-to-0-55\/","title":{"rendered":"Here\u2019s Why The XRP Price Plunged To $0.55"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-2566-forecast-16\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP price<\/span><\/a><span style=\"font-weight: 400\"> has dropped to $0.55 as the crypto token continues to struggle to break above the $0.60 resistance level. This recent drop is due to several factors, including <\/span><a href=\"https:\/\/bitcoinist.com\/pro-xrp-lawyer-doubt-sec-appeal-ripple-ruling\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ripple&#8217;s recent token unlocks<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<h2>Ripple\u2019s Unlocks Causes Price To Drop<\/h2>\n<p><span style=\"font-weight: 400\">According to the on-chain analytics platform <\/span><a href=\"https:\/\/x.com\/whale_alert\/status\/78650676\" rel=\"nofollow\"><span style=\"font-weight: 400\">Whale Alert<\/span><\/a><span style=\"font-weight: 400\">, Ripple unlocked 1 billion XRP tokens ($559 million) from its <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-burn-40-billion-xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">escrow wallet<\/span><\/a><span style=\"font-weight: 400\"> on September 1. This formed part of the <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-400-million-xrp-unlock\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">token unlocks<\/span><\/a><span style=\"font-weight: 400\">, which the crypto firm is known to carry out monthly. These token unlocks were carried out in three transactions, with 500 million XRP, 200 million XRP, and 300 million XRP unlocked from the escrow wallet in these three transactions.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/dogecoin\/dogecoin-eyes-massive-bull-surge-as-metrics-turn-green\/\">Dogecoin Eyes Massive Bull Surge As Metrics Turn Green<\/a><\/div>\n<p><span style=\"font-weight: 400\">This sparked a bearish sentiment for the XRP price, causing it to drop. Ripple\u2019s XRP unlocks always create a supply shock, which causes <\/span><a href=\"https:\/\/bitcoinist.com\/top-10-xrp-wallets-11-supply\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP investors<\/span><\/a><span style=\"font-weight: 400\"> to panic and sell off their holdings in fear that the crypto firm may be looking to offload some or all of the tokens that it has unlocked from escrow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This panic among XRP investors comes despite <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-expert-xrp-price-suppressed\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">reports<\/span><\/a><span style=\"font-weight: 400\"> that Ripple\u2019s XRP sales do not impact the crypto\u2019s price on exchanges, as they are likely done over the counter. Meanwhile, Ripple once again received criticism from some members of the XRP community following the recent token unlocks, with one of them <\/span><a href=\"https:\/\/x.com\/CAMBABEBTC\/status\/76182196\" rel=\"nofollow\"><span style=\"font-weight: 400\">calling<\/span><\/a><span style=\"font-weight: 400\"> the crypto firm a \u201cscam.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Another reason the XRP price plunged to $0.55 is the current bearish sentiment in the broader crypto market. <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-prediction-expert-sees-100000\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin (BTC)<\/span><\/a><span style=\"font-weight: 400\"> dropped below $58,000 on September 1, thereby sparking a downtrend for other crypto tokens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The flagship crypto\u2019s price action has remained indecisive, weighing on the fate of other tokens. The XRP price is undoubtedly at risk of dropping lower if Bitcoin fails to establish a bullish trend soon enough and rises above $60,000.<\/span><\/p>\n<h2>Some Positives For The XRP Price<\/h2>\n<p><span style=\"font-weight: 400\">Despite the panic caused by <\/span><a href=\"https:\/\/www.ktsl888.com\/analysis\/xrp\/ripple-sec-lawsuit-xrp-price-3\/\"><span style=\"font-weight: 400\">Ripple\u2019s XRP unlocks<\/span><\/a><span style=\"font-weight: 400\">, it is worth mentioning that the crypto firm <\/span><a href=\"https:\/\/x.com\/whale_alert\/status\/21629293\" rel=\"nofollow\"><span style=\"font-weight: 400\">locked<\/span><\/a><span style=\"font-weight: 400\"> 800 million XRP ($442 million) tokens back in escrow. This is a bullish development for the XRP price as it will help allay the fears of XRP investors who believed that Ripple was looking to sell the 1 billion XRP tokens that were earlier unlocked.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/september-bitcoin-sell-off\/\">The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Another positive for XRP and its holders is that the likelihood of the US <\/span><a href=\"https:\/\/www.ktsl888.com\/crypto\/sec-announcement-crypto\/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.\"><span style=\"font-weight: 400\">Securities and Exchange Commission (SEC)<\/span><\/a><span style=\"font-weight: 400\"> appealing its <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-vs-sec-lawsuit-end\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">case against Ripple<\/span><\/a><span style=\"font-weight: 400\"> is dropping as the 60-day window for the Commission to do so draws closer. If the SEC eventually chooses not to appeal, that will provide some bullish momentum for the XRP price, considering how much <\/span><a href=\"https:\/\/www.ktsl888.com\/analysis\/xrp\/ripple-sec-lawsuit-xrp-price-3\/\"><span style=\"font-weight: 400\">impact<\/span><\/a><span style=\"font-weight: 400\"> the lawsuit has had on the crypto so far.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, XRP is trading at around $0.549, down over 1% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Fn8j7Qdt\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">XRP price rises after touching $0.55 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The XRP price has dropped to $0.55 as the crypto token continues to struggle to break above the $0.60 resistance level. This recent drop is due to several factors, including Ripple&#8217;s recent token unlocks.\u00a0 Ripple\u2019s Unlocks Causes Price To Drop According to the on-chain analytics platform Whale Alert, Ripple unlocked 1 billion XRP tokens ($559 million) from its escrow wallet on September 1. This formed part of the token unlocks, which the crypto firm is known to carry out monthly. These token unlocks were carried out in three transactions, with 500 million XRP, 200 million XRP, and 300 million XRP unlocked from the escrow wallet in these three transactions.\u00a0 Related Reading: Dogecoin Eyes Massive Bull Surge As Metrics Turn Green This sparked a bearish sentiment for the XRP price, causing it to drop. Ripple\u2019s XRP unlocks always create a supply shock, which causes XRP investors to panic and sell off their holdings in fear that the crypto firm may be looking to offload some or all of the tokens that it has unlocked from escrow.\u00a0 This panic among XRP investors comes despite reports that Ripple\u2019s XRP sales do not impact the crypto\u2019s price on exchanges, as they are likely done over the counter. Meanwhile, Ripple once again received criticism from some members of the XRP community following the recent token unlocks, with one of them calling the crypto firm a \u201cscam.\u201d Another reason the XRP price plunged to $0.55 is the current bearish sentiment in the broader crypto market. Bitcoin (BTC) dropped below $58,000 on September 1, thereby sparking a downtrend for other crypto tokens.\u00a0 The flagship crypto\u2019s price action has remained indecisive, weighing on the fate of other tokens. The XRP price is undoubtedly at risk of dropping lower if Bitcoin fails to establish a bullish trend soon enough and rises above $60,000. Some Positives For The XRP Price Despite the panic caused by Ripple\u2019s XRP unlocks, it is worth mentioning that the crypto firm locked 800 million XRP ($442 million) tokens back in escrow. This is a bullish development for the XRP price as it will help allay the fears of XRP investors who believed that Ripple was looking to sell the 1 billion XRP tokens that were earlier unlocked.\u00a0 Related Reading: The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming? Another positive for XRP and its holders is that the likelihood of the US Securities and Exchange Commission (SEC) appealing its case against Ripple is dropping as the 60-day window for the Commission to do so draws closer. If the SEC eventually chooses not to appeal, that will provide some bullish momentum for the XRP price, considering how much impact the lawsuit has had on the crypto so far.\u00a0 At the time of writing, XRP is trading at around $0.549, down over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":639337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-639319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Here\u2019s Why The XRP Price 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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