XRP faces $2.2B unlock: Will its $2.14 support tumble under pressure?
Over 1 billion Ripple (XRP) tokens, with a value exceeding $2.2 billion, have been released from escrow, with 500 million tokens allocated to Ripple itself and another 500 million to unidentified wallets. This move has sparked widespread speculation regarding the intentions behind the release; as observers question whether it is aimed at strategic deployment or simply to provide liquidity to the market. Amidst this development, XRP's market momentum has waned, and the cryptocurrency is struggling to reach the peak prices experienced previously.