Ripple Has Once Again Unlocked a Massive 1 Billion XRP

Ripple has once again unlocked a massive 1 billion XRP, the second time in a month, but this time, things are different!

Ripple has once again unlocked a massive 1 billion XRP, the second time in a month. However, this time, the release came two days later than usual, which has sparked speculation among traders.

As usual, crypto behemoth Ripple has unlocked 1 billion XRP from escrow, continuing its monthly practice to maintain sufficient liquidity in the market.

However, this time, the release came two days later than anticipated. Usually, on the 1st of every month, Ripple unlocks 1 billion XRP and immediately locks back 700 million XRP to control the circulating supply.

But on April 2, Ripple locked 700 million XRP in two separate transactions.

The news was shared by crypto tracker Whale Alert, which spotted three large incoming batches of XRP at Bittrex. The largest one was for 500 million XRP, valued at over $1 billion. The other two transfers, each of 200 million XRP, added up to hundreds of millions more.

The fact that this release happened later than usual, and that it comes close to the 1 billion XRP that was locked back in the previous month, has sparked discussion among traders.

Some traders are speculating that Ripple may be changing its strategy or preparing for something big. They also noted that XRP’s price has dipped in recent hours.

However, others pointed out that this happens every month and there’s no need to panic.

“They always lock most of it back. Are you all new here?” one user asked.

As the crypto community eagerly awaits the next chapter in this unfolding saga, one question remains paramount: Could this be a sign of a major shift in the market? Only time will tell as we follow this story closely.

As the dust settles on Ripple’s massive 1 billion XRP unlock, the community is buzzing with activity.

Prominent crypto analyst Egrag has shared his XRP price prediction for April, taking a look at the XRP/USDT chart on the 4H timeframe.

According to him, the market is currently in a “boredom phase” with not much action expected. However, he does see the potential for big price moves this month.

Egrag predicts that XRP could rise to $2.80–$3.00 in April, though he thinks this jump may not last long. On the other hand, he also expects a dip to the $1.90–$1.99 range but believes it will be brief.

In other news, the price of XRP dropped 5% in the past 24 hours, slipping below the $2.00 psychological level.