12 hours ago
On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP Ledger . On January 1 (Wednesday), the company will unlock over $2 billion worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP. Interestingly, January 2025’s unlock accounts for 1.74% of the current 57.25 billion circulating supply. Moreover, accrues for 2.63% of the remaining 38 billion XRP tokens locked in escrows under Ripple’s control. Three escrows will reach finality in the last minutes of December 31, held by two known wallet addresses Ripple owns. In particular, ‘ Ripple (24) ’ will unlock 200 and 300 million XRP, previously locked in December 2020 and January 2021. Second, ‘ Ripple (25) ’ will unlock 500 million tokens, previously locked in January 2021. These will be the last unlocks from ‘Ripple (24) and (25)’, but there are more escrows in other Ripple-controlled addresses. rw2hzLZgiQ9q62KCuaTWuFHWfiX7JWg3wY and rDqGA2GfveHypDguQ1KXrJzYymFZmKxEsF accounts. Source: XRP Scan / Finbold This is what Ripple did to the 1 billion XRP unlock in December We can look at previous monthly events as a reference to better understand what is next following this unlock. Notably, the escrow system unlocked 1 billion XRP on December 1 . Later, Ripple re-locked 800 million of the total in escrows that will end by February 2028 in two accounts. Meanwhile, the remaining 200 million was reserved at ‘ Ripple (1) ‘ for further distribution. The company then proceeded to sell the $500 million stash all at once, moving the amounts to other known and unknown accounts and selling more of the reserved XRP from ‘ Ripple (50) ‘ and Ripple (29)—all going unannounced. Interestingly, the previous month, November, marked Ripple’s largest dump in seven years, selling 470 million XRP from the 1 billion unlocked from escrows. For that, the company sent 470 million XRP to ‘Ripple (1)’. These reserved tokens were later split and sent to ‘Ripple (50)’ and rP4X2h(…) , as Finbold reported . Ripple’s XRP unlock in November 2024, by November 8. Source: Finbold So far, in 2024, Ripple has sold 3.246 billion XRP from the ‘Ripple (1)’ reserve account alone, not counting movements from other accounts – as seen occasionally from ‘Ripple (50), (29)’, and more. With XRP trading above the $2 mark, these sales represent more than $6.5 billion of selling pressure year-to-date. In comparison, the Ethereum Foundation has a yearly budget of $100 million for Ethereum (ETH) sales, which wasn’t reached. As things develop, Ripple’s aggressive strategies impose a challenge for XRP’s growth, requiring a proportional demand increase for sustainability. According to Ripple’s Q3 2024 report , the company is using an On-Demand Liquidity (ODL) model, selling at market price to willing customers, which diminishes the economic effects of gigantic potential sell walls. Featured image from Shutterstock. The post Ripple will unlock 1 billion XRP on January 1 2025 – What to expect? appeared first on Finbold .
Finbold
You can visit the page to read the article.
Source: Finbold
Tags :
Cryptocurrency news 2025 crypto Ripple token unlock XRP
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion
Bitcoin could hit $500,000 if governments consider strategic reserves, with mounting demand from ETFs, corporations, and institutions outpacing limited supply, driving prices sharply higher. $500K Bitcoin Could Be Next – $200K Will Be Quaint Once Reserves Kick In Matt Hougan, chief investment officer at Bitwise Asset Management, shared his bullish outlook for bitcoin during an Finbold
XRP Price Momentum Stalls: Bulls Fails to Break Through
XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.30 resistance. XRP Price Fails Again XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum . There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.240 and $2.210. Major Resistance Levels – $2.300 and $2.350. Finbold
