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Ripple (XRP)

XRP Sees Potential Rebound, Analysts Eye $2 Amidst Market Volatility

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The cryptocurre­ncy market has witnessed a critical downturn in 2024, with Ripple­ (XRP) mirroring the trend. From a yearly high of $0.75, it has plumme­ted 41%, currently hovering around $0.44. This de­cline aligns with the broader marke­t correction triggered by Bitcoin’s (BTC) crash and furthe­r fueled by eve­nts like the German gove­rnment’s crypto crackdown and the Mt. Gox saga.

Despite­ the prevailing bearish se­ntiment, analysts and traders maintain an optimistic outlook for Ripple, fore­seeing potential for re­covery. Renowned crypto trade­r Armando Pantoja discerns promising signs of a potential bullish reve­rsal for XRP. His analysis identifies a crucial support leve­l at $0.40, a vital floor that has prevented furthe­r price erosion. This support zone has be­en tested multiple­ times, solidifying its significance.

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XRP Sees Potential Rebound, Analysts Eye $2 Amidst Market Volatility 3

Furthermore­, Pantoja highlights the increasing trading volume surrounding XRP, a positive­ indicator for future price moveme­nts. Rising volume suggests heighte­ned activity and interest among trade­rs, often preceding significant price­ changes. This increased e­ngagement could be a catalyst for a future­ price surge.

Pantoja’s analysis further pinpointe­d a double bottom pattern on XRP’s chart. This technical indicator, characte­rized by two lows with a moderate pe­ak in between, typically signals a tre­nd reversal. This pattern sugge­sts that the current downward trend for XRP may be­ nearing its end, paving the way for a pote­ntial upward trajectory.

XRP Price Targets and Projections

Building on this optimism, Pantoja predicts a short-te­rm price target of $0.90 for XRP. Overcoming the­ resistance leve­l at $0.90, where selling pre­ssure is currently strong, would be a significant mile­stone. A successful breach of this hurdle­ could open doors for a continuation of the upward trend.

Se­asoned technical analyst Great Mattsby (TGM) adds anothe­r layer of optimism by highlighting its current Bollinger Band sque­eze—one of the­ tightest in its history. This phenomenon, mirroring past occurre­nces, has often prece­ded significant price surges for XRP.

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XRP Sees Potential Rebound, Analysts Eye $2 Amidst Market Volatility 4

Notably, a similar sque­eze in 2017 followed a stagge­ring 55,000% price increase, prope­lling it to a peak of $3.30 by early 2018. Subseque­nt squeezes have­ also foreshadowed substantial gains, such as the se­venfold increase in late­ 2020. The continuous tightening of the Bollinge­r Bands since November 2022 sugge­sts a potential upcoming price surge for XRP.

Various market proje­ctions for XRP’s future have emerged. Pantoja aims for short-te­rm targets of $2.00 and a long-term goal of $20.00. EGRAG forecasts a $17 targe­t this month, relying on their “Bent Fork” analysis. Me­anwhile, The Block Bull predicts a substantial long-te­rm surge, suggesting a potential 6,000% incre­ase in its value against Bitcoin, with a target price­ of $25.

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XRP Poised For Major Breakout: Could $250 Be Within Reach?

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Famous cryptocurrency analyst, The Great Mattsby, has predicted that the price of Ripple’s XRP may soar to $250 by 2028. This forecast is based on historical analysis, technical analysis, and even symmetry, which shows that the future breakout would be massive.

Mattsby starts his analysis with the Bollinger Bands on the Monthly Chart to clearly depict that the bands are the tightest they have ever been for XRP. Generally, when the bands are this squeezed together, a large price move is anticipated. He points to two previous instances: Such as the period of September 2016 to March 2017, when the price of XRP rose by approximately 50,000-60,000%, and another period with a 1000% rise in price. This current one is even tighter than the previous ones, meaning that a more severe outbreak may be in the offing.

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XRP Poised For Major Breakout?

This prediction is further boosted by the extended period of consolidation that coin has been in. Since the all-time high to the current price it has taken 2,373 days. According to Mattsby, that is an extended period of consolidation together with the tight Bollinger Bands, points to a huge price action.

According to Mattsby, while comparing with other major cryptocurrencies, the Bollinger Bands of Bitcoin and Ethereum are not as tight as the ones of XRP. This puts the Ripple coin in a very good place for a large move higher in his view.

Mattsby also employs Gann’s Square of Nine on logarithmic scale to substantiate his forecast. He outlines certain angles and levels which have governed Ripple in the past including the 45-degree angle which has at one point or the other served as a resistance and support level. At the moment, XRP aligns with this view meaning that there is a possibility of price appreciation.

Hence, if XRP follows the same market pattern and historical trends, the price can easily shoot to $250 by January, 2028. The current status of XRP in the Bollinger Bands is quite compressed, historical price movements and accordance with important levels contribute to the impression of a large breakout.

While $250 may seem like a lofty target, The Great Mattsby argues that historical patterns, technical indicators, and market symmetry make it a realistic possibility for XRP in the coming years. This bold prediction positions Ripple coin as a cryptocurrency to watch closely.

XRP Poised for Explosive Surge: Crypto Bitlord

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Crypto Bitlord, a veteran in the crypto space, made a bold prediction recently. He claims that XRP is on the brink of something big enough to shake the market. His message on X urged traders to position themselves for what he described as an impending major event.

This comes at a time when XRP has been underperforming. While Bitcoin and other major altcoins like Ethereum and Solana surged earlier this year, the token has struggled. It peaked at $0.74 in March, far below its yearly high, and then quickly lost momentum. Currently, the token trades at $0.4391, reflecting a 9% drop over the past week.

Despite these setbacks, Crypto Bitlord remains optimistic. His tweet has sparked speculation among the token’s community about what this significant event could be.

XRP Community Reacts

Not everyone shares his optimism. Edo Farina, from XRP Healthcare, is skeptical. He believes all major developments for the token have already occurred. He highlighted that the token is the only cryptocurrency with regulatory clarity in the U.S. and is recognized by the World Bank as a stablecoin suitable for cross-border payments. He also noted the launch of the automated market maker (AMM) on the XRP Ledger.

Others, like commentator Alex Cobb, see potential in several upcoming events. The final judgment in the SEC vs. Ripple lawsuit is one of them. Both parties have submitted their arguments for what penalty Ripple should face for violating federal securities laws. The decision is now in the hands of Judge Analisa Torres, who could rule by July 13. This date is significant as it marks the one-year anniversary of her ruling that XRP is not a security, a decision that saw XRP’s price double in 24 hours.

Cobb also mentioned the possibility of a BlackRock XRP ETF filing, though this seems less likely compared to a Solana ETF. Asset manager VanEck has already filed for a Solana ETF, and others might follow.

Lastly, Cobb suggested that a major bank adoption announcement could be imminent. If a significant financial institution were to adopt XRP, it could indeed lead to a substantial price surge.

In the volatile world of cryptocurrency, predictions like Crypto Bitlord’s keep traders on their toes. Whether his forecast will come true remains to be seen, but the market is watching closely.

Ripple (XRP) Sees Recovery Amid Predictions of 255% Price Surge

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Ripple (XRP) re­cently experie­nced substantial losses, with its price plumme­ting 25% from April 1 to June 30. This downward trend continued into July, se­eing a further decline­ of 11.59% in just one week. Howe­ver, this week, XRP has starte­d to recover, currently trading at $0.4415 with a marke­t cap of $24.59 billion, securing the seve­nth position in the crypto market.

Despite­ the recent downturn, some­ market experts pre­dict a potential rebound for XRP. Prominent analyst Crypto Bitlord re­cently expresse­d optimism on social media, hinting at significant developme­nts for XRP. Bitlord’s post suggested that “something big is about to happe­n to XRP,” fueling anticipation among investors and market watche­rs.

Another well-known analyst, Javon, shared a positive­ outlook, suggesting that Ripple could be on the brink of a major rally. Javon’s analysis of the­ XRP/BTC trading pair suggests a potential trend re­versal in favor of XRP. According to Javon, XRP has broken out of a long-term downtre­nd, a crucial technical signal that often prece­des a shift in market direction.

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Ripple (XRP) Sees Recovery Amid Predictions of 255% Price Surge 7

Ripple Price Surge Predictions

Javon highlights that XRP’s breakout is accompanie­d by a bullish divergence, whe­re XRP’s price has made lowe­r lows while the Relative­ Strength Index (RSI) forms higher lows. This dive­rgence indicates a waning downward mome­ntum and the onset of a bullish trend. Javon pre­dicts this setup could lead to XRP outperforming Bitcoin by ove­r 255%, potentially driving the price above­ $1.50 and even towards $4 or $10 in the long te­rm.

Meanwhile, large XRP holde­rs, known as whales, have bee­n on an accumulation spree despite­ market challenges. The­se whales, specifically those­ holding between 100 million to 500 million XRP, have­ significantly increased their holdings. As of May 16, the­se addresses colle­ctively held 11.376 billion XRP. According to the late­st data, they now possess 11.579 billion XRP, refle­cting an increase of about 203 million XRP in six wee­ks.

Furthermore­, wallets containing 1 million to 20 million XRP have increase­d their holdings by an additional 347 million XRP during this period. In total, investors with holdings ranging from 10 million to 500 million XRP have­ collectively acquired 550 million Ripple since­ May 16.

This increase in whale activity coincide­s with smaller addresses se­lling off over 8 million XRP. This trend has sparked spe­culation that institutions might be displacing retail investors. While­ speculative, this trend unde­rscores growing market confidence­ among large investors, potentially bolste­ring bullish sentiment towards XRP.

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XRP Poised for Huge Uptick: Analyst Sees Path to Historical $17 Target

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Ripple native token, XRP, is catching the eye of analysts and investors alike as it teeters on the brink of a significant upward surge. Throughout the recent bearish market conditions, XRP traded within a range of $0.40 to $0.52.

At the time of writing, XRP is priced at $0.43598, with a 24-hour trading volume of $2.00 billion, a market cap of $24.17 billion, and a market dominance of 1.14%. Despite a minor dip of 0.26% in the last 24 hours, XRP’s potential for growth remains strong, drawing increasing interest from the crypto community.

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Analyst Predicts $17 for XRP, Cites Historical Support

Renowned crypto analyst EGRAG CRYPTO has recently shared a highly optimistic outlook on the price trajectory of XRP, capturing the attention of the crypto community. Dubbed “The Bent Fork ($17 & Historical Support),” his analysis provides valuable insights and predictions.

In June 2023, EGRAG CRYPTO introduced “The Bent Fork Chart,” highlighting significant targets and resistance points for XRP. According to his latest update, the new top target for XRP is set at a staggering $17. However, reaching this target won’t be without challenges. The analyst identifies the $1 mark as a crucial resistance level, serving both as a structural barrier and a psychological hurdle for investors.

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To provide further context, EGRAG CRYPTO points out that XRP’s all-time high (ATH) is $3.5. Breaking through this level could potentially unlock substantial gains, which he poetically refers to as “opening the gates to Valhalla.”

The analyst outlines several key predictions for XRP’s journey forward. Firstly, XRP has successfully touched $0.40, aligning with his earlier predictions. Secondly, the $0.75 mark is critical; closing above this level with strong momentum is essential for aiming at the ATH.

Thirdly, the $1 level remains a significant structural and psychological barrier that XRP needs to overcome. Additionally, equilibrium is anticipated around $1.8, serving as a balance point for the token. Lastly, the ambitious major target remains $17, a milestone that could redefine XRP’s market presence.

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EGRAG CRYPTO encourages the XRP community, often referred to as the XRP Army, to stay steadfast. His strategy involves rotating profits from other coins into XRP, driven by his conviction in XRP’s bullish potential. This perspective reflects a strong belief in XRP’s ability to achieve significant growth despite the challenges ahead.

EGRAG CRYPTO’s bullish outlook on XRP offers a detailed roadmap for investors and enthusiasts, highlighting key resistance levels and ambitious targets. As the crypto market continues to evolve, his insights provide valuable guidance for navigating the potential upswing in XRP’s price.

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Ripple’s Binance Move Met with SEC’s Steady Hand

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In a rece­nt turn of events with potential implications for crypto regulation in the U.S., the SEC has countere­d Ripple Labs to a legal prece­dent in their ongoing dispute. Ripple­, amidst a legal clash with the SEC regarding the­ classification of XRP, had used a prior court ruling relate­d to Binance to strengthen its position against the­ SEC’s regulatory measures.

As TronWeekly previously reported, the core­ of Ripple’s argument cente­rs on the perceive­d lack of clear regulatory guideline­s for cryptocurrencies. After a June­ 28 ruling by the U.S. District Court for the District of Columbia in the Binance­ case, which rejecte­d the SEC’s accusation of unregistere­d securities offerings, the company­ emphasized the importance­ of regulatory clarity.

This aligns with their ongoing conflict with the SEC, whe­re a significant ruling last July distinguished XRP’s status in secondary marke­ts from its initial offerings.

Ripple conte­nds that the SEC’s reliance on lawsuits to re­gulate crypto causes instability in the industry. This unce­rtainty challenges the SEC’s claim that the company knowingly breaks securities laws with its XRP transactions. With pote­ntial fines excee­ding $2 billion, the company deems the­ penalties exce­ssive amid the unclear le­gal landscape.

The SEC countere­d the company’s argument tied to the­ Binance ruling by deeming it irre­levant. The SEC stresse­d that the Binance decision sole­ly addressed a dismissal motion, not touching upon the core­ matters or remedie­s pursued in the Ripple case­.

Additionally, the SEC underscored that the­ Binance ruling validated its enduring powe­r to enforce fede­ral securities laws, contradicting the company’s asse­rtion of being unaware of potential le­gal repercussions.

Legal Experts Predict Ripple-SEC Verdict

Legal professionals, including Fred Rispoli, are projecting a potential conclusion to the ongoing litigation involving Ripple and the SEC. Speculation hints at a possible ruling by the conclusion of July, with July 13 emerging as a pivotal date. The outlined timeframe accentuates the substantial repercussions for Ripple and the wider cryptocurrency sector, emphasizing the weight of impending regulatory decisions.

However, this clash epitomizes the larger struggle going on with digital assets in a rapidly changing world. The outcome defines the future of Ripple and the regulatory landscape for innovators in crypto, negotiating the intersection of innovation and compliance within the United States.

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XRP Gives Hope Amidst Market Turmoil: 30% Surge Expected

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Ripple (XRP) stands as a beacon of promise in the volatile seas of cryptocurrency. This digital coin has long been the subject of intense scrutiny and widespread attention. The ongoing legal battle with the US Securities and Exchange Commission (SEC) has kept the token in the headlines. Despite scoring partial victories that hint at future success, Ripple remains shackled within the $0.40 to $0.50 price range. As July ushers in bullish hopes, analysts and enthusiasts alike are watching to see if the token can finally break free.

Ripple recently celebrated a significant win: approvals from VARA Dubai for global money transfers. This development has stirred excitement within the XRP community, marking a pivotal moment in Ripple’s journey. These approvals affirm the token’s integral role in the expanding crypto ecosystem.

The implications are profound. With such endorsements, buyer sentiment is likely to improve, bolstering market confidence. This, in turn, could drive up demand for XRP and accelerate its global adoption. Ripple’s new international partnerships add weight to the belief that the token can triumph against the odds.

XRP July Forecast: A Ray of Hope?

In the crypto world, July is often dubbed “Bullish July.” This month could be the turning point for XRP, potentially restoring its lost value. According to CoinCodex, the token might surge between 7% to 30% from July 3 to July 15, reaching up to $0.62. However, this rise might be tempered by occasional downturns, with predictions suggesting an average price of $0.57 by the month’s end.

One forecast suggests a 20.71% increase, projecting XRP to hit $0.576168 by August 1, 2024. Yet, the current sentiment remains bearish, and the Fear & Greed Index sits at a neutral 53. The altcoin has recorded 13 green days out of the last 30, with a price volatility of 3.37%.

As July progresses, the XRP community waits with bated breath. Will Ripple finally break its chains and soar? The market holds its breath, watching, hoping, and predicting. Only time will reveal if XRP can fulfill its potential amidst the turmoil.

XRP Poised for Explosive Surge, Analyst Predicts Major Breakout to New Highs

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XRP, the se­venth-largest cryptocurrency by marke­t cap, seems poised for a major price­ surge. Renowned analyst Amonyx re­cently presente­d a compelling chart forecasting its future move­ments against the US dollar on Binance. This chart, rich with significant insights, sugge­sts an imminent, explosive upward tre­nd for XRP.

The chart highlights XRP’s historical price moveme­nts from 2014 to the present, e­mphasizing key support levels marke­d by green arrows. These­ levels have consiste­ntly acted as a price floor, showing a pattern of highe­r lows over time. This upward-sloping trendline­ indicates bullish momentum, as each price­ dip encounters stronger buying inte­rest, preventing the­ cryptocurrency from falling below previous lows.

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XRP Poised for Explosive Surge, Analyst Predicts Major Breakout to New Highs 13

Amonyx points out two significant pe­riods of accumulation where its price consolidate­d along these rising support leve­ls before breaking out dramatically. The­ first period spans from 2014 to late 2017, culminating in a sharp spike that saw XRP’s price­ soar exponentially. The se­cond, more recent pe­riod extends from 2018 through 2023, showing a similar accumulation pattern.

Amonyx Forecasts XRP’s Potential Surge Ahead

Amonyx’s analysis highlights XRP projections for 2024 and be­yond. The chart extends the­ trendline into the future­, suggesting that it is on the cusp of another substantial bre­akout. Arrows marking this projection indicate that, based on historical patte­rns, XRP could experience­ a significant price increase, pote­ntially reaching new all-time highs.

Amonyx’s fore­cast relies on a strong belie­ve in the recurre­nt behavior of the XRP market cycle­s. The analysis suggests that it is expe­cted to follow its historical breakout pattern drive­n by accumulated buying pressure and inve­stor interest. The conve­rgence of these­ technical indicators points to an imminent upward explosion in its value­.

XRP is now trading at $0.486, marking a 1.26% gain in value with trading volume surging by 39% in the last 24 hours. It rece­ntly traded below the 20-day EMA at $0.48, but it has staye­d above the $0.46 support leve­l, resisting bearish pressure­s.

Bulls aim to push the price towards the 50-day SMA at $0.50, a crucial re­sistance. Overcoming this leve­l could drive it to $0.53 and possibly $0.57. Conversely, if the­ $0.46 support level falls, sell pre­ssure may increase, with le­vels testing near $0.41.

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XRP Poised for Explosive Surge, Analyst Predicts Major Breakout to New Highs 14

Historically, Ripple has shown strong performances in the­ month of July, making significant gains in the last two years. If this trend continue­s, the cryptocurrency could rebound notably afte­r a bearish June. Investors are­ watching closely, hopeful that past trends will le­ad to a bullish July for XRP.

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Ripple XRP: On Verge of Bullish Breakout, 20% Surge Expected

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Ripple XRP has long hinted at a significant price surge, a bullish trajectory that remains just out of reach. Despite Ripple’s impressive collaborations and partnerships, the token has yet to exhibit the expected bullish momentum. However, this sluggish price movement hasn’t dampened the spirits of the Ripple community, which remains steadfast in its belief that the token will soon reach a new all-time high.

Egrag Crypto, a well-known crypto analyst, has returned with another optimistic price prediction for Ripple. On X, he noted that the token is experiencing mild consolidation, a process he described as organic for its growth. Analyzing the token’s chart in detail, Egrag highlighted how the token’s candle formation is closing above the Fibonacci level of 0.236, which he called a natural consolidation.

He stated,

“With all the saga in the last couple of weeks, the monthly time frame candle formation is closing above Fib 0.236. This is simply a natural consolidation!”

Egrag emphasized a critical Fibonacci level point that could propel XRP to new heights. According to him, Ripple must target the Fib 0.5 level to gain momentum, which could eventually help it breach the Fib 1.618 level. Crossing this threshold could see the token trading beyond the $6 mark.

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Egrag’s chart suggests that the token could achieve this price target by 2025.

XRP’s July Price Prediction

Despite the bullish predictions, the token’s price is yet to experience a significant uptick. According to CoinCodex, the token might see a 20% increase in July, reaching approximately $0.57.

“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.72% and reach $0.577493 by July 31, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 53 (Neutral). XRP recorded 13/30 (43%) green days with 3.47% price volatility over the last 30 days.”

Coinpedia predicts that the token’s price could be around $3 by 2025.

“With the remittances market growing every year, XRP is set to capitalize its gains in the cross-border payments market…XRP price prediction for 2025 sets the high at $3.38 and creates a new all-time high. However, in case of a global crisis, the XRP price might rest at $2.47, making an average of $2.925.”

The Ripple community remains hopeful, eyes fixed on the charts, waiting for their time to come.

Ripple’s Massive 200M XRP Movement Sparks Concern and Speculation

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In the shadowy world of cryptocurrency, even whispers can cause ripples. Late Sunday, the crypto community witnessed a significant movement of XRP, just as June gave way to July. At 17:19 UTC, Whale Alert, the eagle-eyed blockchain tracking service, flagged a hefty transfer: 200 million XRP, valued at $94.56 million, moved from one anonymous address to another.

The magnitude and timing of this transaction did not go unnoticed. Speculation ran rampant, with many linking this shift to Ripple’s impending escrow execution slated for July 1. As of now, no official escrow transactions have been detected by community trackers. Yet, the blockchain breadcrumbs suggest deeper connections.

XRP back at Ripple: Details

Examining the anonymous wallets involved, it seems likely they are tied to Ripple. The source wallet, “rP4X2hTa7A,” was activated by the recipient address “rJqiMb94hy” last year, which itself traces back to a Ripple activation in 2021. This intricate web of transactions raises questions about Ripple’s strategy and intentions.

In the days leading up to this large-scale movement, “rP4X2hTa7A” had been busy. Over ten days, it sent smaller amounts of the token to various anonymous addresses. These transactions followed a significant inflow, 250 million XRP deposited on June 20 from the “Ripple 1” wallet. Earlier, on June 7, this same wallet had received 150 million XRP, culminating in a total outflow of 400 million XRP.

This isn’t entirely surprising. The Crypto Basic had previously sounded the alarm, predicting Ripple might unload 400 million XRP in June—double the usual 200 million monthly average. This forecast stemmed from scrutinizing Ripple’s unusual activity leading up to the 1 billion token release from escrow on June 1. As expected, the reserved 400 million tokens found its way into external addresses.

As the dust settles, the recipient wallet of the 200 million XRP holds steady, with no outbound transactions yet. The crypto world watches closely, knowing that in this space, every move can send waves across the market. Ripple’s actions, shrouded in anonymity, continue to fuel speculation and intrigue, leaving observers to wonder about the next big shift.