April

<div class="finbold">
 <p class="paragraph">Ripple has reserved 200 million out of the 1 billion XRP unlocked in April for its monthly sell-off. This amount is worth nearly $120 million, with XRP price trading below the $0.60 resistance.</p>
 <p class="paragraph">Notably, the company has around 39.90 billion tokens locked in escrows from the initial distribution that never circulated. Ripple unlocks 1 billion of these XRP tokens every month and re-locks an arbitrary amount for further release.</p>
 <p class="paragraph">Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value and also XRP’s short-term price action.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    5 factors that could send XRP to $1 <span class="self-center text-xs text-slate-500">8 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    DOGE’s first bullish monthly supertrend close since 2021 signals stratospheric surge <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    NAVI Protocol’s NAVI X Ecosystem Fund to aid Sui blockchain development <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Major Bitcoin top signals to watch for this cycle <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">In particular, the company prepared this month’s selling activity by sending the 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP from ‘Ripple (22)’ to ‘Ripple (1)’. The institution controls both accounts, with the former being the unlocked escrow address and the latter used as its treasury <a rel="noopener noreferrer nofollow" title="reserves" href="https://thebittimes.com/tag/reserves.html">reserves</a>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="138" src="https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp" alt class="wp-image-165658" srcset="https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 1024w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 768w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 1536w, https://cdn.thebittimes.com/images/2024/04/02/2cead84262f7040c3db1494b0c25ea94.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (1) account summary. Source: <em>XRP Scan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-ripple-escrow-activity-in-april">Ripple escrow activity in April</h2>
 <p class="paragraph">Similarly to what happened in previous months, escrows have reached finality within the ‘Ripple (22)’ and ‘Ripple (23)’ accounts. Notably, these escrows were previously not disclosed in <em>XRPScan</em>, which shows no more unlocks for both accounts.</p>
 <p class="paragraph">As developed, ‘Ripple (22)’ first sent the 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP for April’s <a rel="noopener noreferrer nofollow" title="sell-" href="https://thebittimes.com/tag/sell.html">sell-</a>off to ‘Ripple (1)’. Later, the account sent 300 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> tokens to ‘Ripple (12)’ and re-locked the amount for an escrow to August 2027.</p>
 <p class="paragraph">Meanwhile, the ‘Ripple (23)’ account sent 100 million and 400 million to ‘Ripple (12)’ and ‘Ripple (13)’, respectively. Both are also in escrows that will unlock by August 2027.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="549" src="https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp" alt class="wp-image-165659" srcset="https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 1024w, https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 768w, https://cdn.thebittimes.com/images/2024/04/02/c5f6e2dc5a3596d3ecbb301b91a84989.webp 1394w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly Ripple (XRP) unlock – April, 2024. Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="xrp-price-analysis-amid-ripple-sell-offs">XRP price analysis amid Ripple sell-offs</h2>
 <p class="paragraph">It is notable how Ripple’s previous <a rel="noopener noreferrer nofollow" title="sell-" href="https://thebittimes.com/tag/sell.html">sell-</a>offs coincide with significant XRP price movements. Finbold placed each of the company’s selling activities year-to-date on XRP’s daily chart.</p>
 <p class="paragraph">So far, Ripple made its sales on January 7, 16, and 30, February 5, 11, and 20, and March 5 and 13. Interestingly, only two out of eight days had a slightly positive price action. Yet, even these ‘green’ days were made of shy gains, while the negative ones were more impactful.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="662" src="https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp" alt class="wp-image-165660" srcset="https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 1024w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 300w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 768w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 1536w, https://cdn.thebittimes.com/images/2024/04/02/86e7f7a261681894c8ca6882f421694c.webp 1876w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP/USD daily chart with Ripple sell-offs year-to-date. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">As of writing, XRP trades at $0.585, having lost range support at $0.60. Therefore, investors should closely monitor Ripple’s selling activities in April as they could cause further drops in price moving forward.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-sell-off-alert-200-million-xrp-for-april-s-reserves-tbt84237.html">https://thebittimes.com/ripple-sell-off-alert-200-million-xrp-for-april-s-reserves-tbt84237.html</a></p>

Ripple sell-off alert: 200 million XRP for April’s reserves

目次

TheBitTimes

2024年4月2日公開の他の記事

What is Optimism? Ethereum’s layer-2 scaling solution explained

NEAR Protocol Price Prediction: Will NEAR Retest The $5 Mark?

Arts DAO Fest returns to Dubai with a celebration of Web3 culture

Vertex Edge: Bridging Chains, Unifying Liquidity, and Enhancing EVM Alignment

‘Web3 Gaming sucks’ says Ava, 2M Bitcoin Miner players make 13c: Web3 Gamer

Bitget Lists Revolutionary Gaming Token GMRX in the AI and Gamefi Zone (2 Apr)

ニュースレターを購読して暗号資産の最新情報を毎日入手！