Ripple has once again unlocked 1 billion XRP from escrow, coinciding with the U.S. government's announcement of including XRP in its strategic crypto reserve.
XRP Escrow Release
Ripple continues its monthly pattern of releasing tokens from escrow. This time, 1 billion XRP was released in three transactions: first 100 million, then 400 million, and finally 500 million XRP. Most of these tokens remain in Ripple’s wallets, with some likely to be re-locked.
XRP's Inclusion in U.S. Crypto Reserve
The inclusion of XRP in the U.S. strategic crypto reserve marks a significant shift for Ripple. It highlights XRP's global legitimacy despite years of legal uncertainty. Some experts believe that this could lead to significant investment interest, particularly if XRP ETFs are approved. It also opens up the possibility that other countries may follow the U.S. lead, potentially reducing supply and driving market price growth.
XRP Price Analysis and Forecast
The price of XRP surged over 30%, reaching a peak of $2.93 before stabilizing at around $2.64. However, the token faces key resistance at the $3 mark. Analysts are closely monitoring this level, as a breakout could trigger further rallying towards $8 or more. Technical indicators suggest further upside potential.
The future of XRP looks promising, especially with its inclusion in the U.S. crypto reserve and developments on its role in the global cryptocurrency market. However, market volatility remains significant, and precise predictions remain elusive.
