2024 XRP Price: Ripple's Anticipated Last Dump
2024 XRP Price Predictions Amid Ripple's Movements
The XRP price is on the verge of notable changes as Ripple gears up for what could be the last significant dump of 2024. On Sunday, the company has set aside 200 million XRP from its extensive unlock plan this month, heralding potential shifts in market sentiment. Ripple's previous sales showed how impactful their moves can be, with the company offloading over 3 billion XRP year-to-date.
Analyzing Ripple's Latest Actions
Following its largest monthly dump back in November, Ripple has resumed sales in December. Here’s a breakdown of their recent actions:
- 200 million XRP reserved for sale could translate to approximately $528 million.
- In November, a total of 470 million XRP was sold, affecting market dynamics.
- The On-Demand Liquidity (ODL) model governs Ripple's sales.
What Does This Mean for XRP Investors?
As Ripple unlocks tokens from escrow, investors are advised to watch closely. Increased selling pressure might inflate XRP's circulating supply, necessitating a rise in demand to stabilize the XRP price. Historical trends indicate that significant selling has often influenced market prices sharply.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.