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Ripple Releases 1 Billion XRP—Again, Is Something Big About to Happen?
On April 3rd, Ripple surprised the cryptocurrency market once again by releasing a staggering 1 billion XRP tokens. This sudden and significant move has sparked intense speculation about what’s behind this sudden shift in the company’s release pattern.
Ripple’s Unusual Release Timing
The unexpected timing of this large-scale release is not the only unusual aspect of this event. The company typically unlocks 1 billion XRP at the start of every month to maintain liquidity, but there have been subtle changes in its release pattern recently. In March, Ripple released XRP on the 3rd instead of the 1st, and now they’ve done it again in April.
This change has left many traders and analysts wondering if Ripple is adjusting its approach, possibly in preparation for a major market event or significant development. As a result, the cryptocurrency market is eagerly awaiting any further information from Ripple about this sudden and unprecedented action.
XRP Price Predictions
The sudden release of 1 billion XRP tokens has sent shockwaves throughout the crypto space, causing significant fluctuations in XRP’s price. In just a matter of hours, XRP’s value dropped by 5% as it slipped below the $2.00 psychological level.
This sudden price dip has caught the attention of prominent crypto analyst Egrag, who shared his XRP price prediction for April. According to his analysis, the market is currently in a “boredom phase” but he sees the potential for significant price swings later this month.
Egrag predicts that XRP could rise as high as $2.80-$3.00 in April, although he warns that this surge may not be sustainable in the long term.
However, on the other end of the spectrum, Egrag also expects a brief dip to the $1.90-$1.79 range before the price makes another attempt at breaking higher.
Source: https://coinpedia.org/uncategorized/ripple-releases-1-billion-xrp-again-is-something-big-about-to-happen/
