This month, Ripple unlocked 1 billion XRP tokens worth a whopping $2.2 billion, showing a strategic shift in token management.
Notably, 670 million XRP were re-locked in escrow, whereas 330 million were added to circulation.
By reshuffling XRP supply, Ripple might align itself with market dynamics when managing liquidity or aligning with changing strategic and regulatory goals.
Ripple usually releases 1 billion XRP tokens from escrow monthly and then re-locks most of them to control price stability and supply.
XRP Finds Itself at a Critical Decision Point
Market analyst CasiTrades states, “After months of a volatile consolidation, $XRP is nearing a critical decision point. We’re looking at the daily chart, holding above the major 0.382 retracement at $2.25, a level we’ve been looking at for months.”
Based on the time-based Fibonacci analysis, the analyst stipulated that the entire consolidation structure was nearing its end with a macro bullish run to $5 in the offing.
Meanwhile, the approval rate for an XRP exchange-traded fund (ETF) continues gaining steam, with an 87% chance recorded on Polymarket.
An ETF is deemed a stepping stone toward heightened institutional investments because it provides investors with different options to diversify their portfolios.
Meanwhile, suggestions have been making the airwaves that tech billionaire Elon Musk might soon embrace XRP as the backbone of his upcoming financial platform, X Money.