Ripple is the only token that never keeps the market away from anticipation. This time, it’s bigger than before. Ripple recently liquidated 500 million XRP tokens from the escrow wallet. The net worth of the tokens is $1.1 billion.
This is a major event as far as recent market activities go. It created much buzz, and Ripple is once again in the news.
# What Does It Mean for Ripple Traders and Enthusiasts?
Investors say such unlocks at the start of the month have been the norm for a long time. But the amount of unlock this time is bigger than recent highs.
Analysts say the crypto market is sensitive to liquidity, volatility, and broad investor sentiments. But once people know why Ripple unlocked XRP from their Escrow wallet, the market can feed off the event.
This wallet was planned to deliver a sustainable and transparent XRP supply over time. Ripple can release around 1 billion XRP from this wallet and return its unused tokens.
But analysts can see a bigger motive here—Ripple plans to launch XRP coins steadily in the market instead of flooding the crypto space.
Above all, this movement can contribute to price stability. However, Ripple has unlocked 500 million XRP tokens this time. Does that mean the market’s becoming sensitive to XRP movements?
Retail investors are left guessing.
Some feel that this is only half the amount Ripple can unlock. Therefore, this is nothing unusual or out of the box. Others think that this could be the beginning of a smarter market move by Ripple regarding the XRP token, to increase its mobility.
As Ripple unlocks, a $500 XRP price prediction could start with renewed momentum.
