{"id":612071,"date":"2024-06-08T16:00:05","date_gmt":"2024-06-08T16:00:05","guid":{"rendered":"https:\/\/www.wncen.com\/?p=612071"},"modified":"2024-06-11T07:41:39","modified_gmt":"2024-06-11T07:41:39","slug":"ripple-150-million-xrp-sale","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/ripple\/ripple-150-million-xrp-sale\/","title":{"rendered":"Ripple&#8217;s 150 Million XRP Sale Keeps Price Surpressed Amid Bearish Headwinds"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Ripple has again raised concerns in the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP community<\/span><\/a><span style=\"font-weight: 400\"> following its recent XRP sale. This comes amid <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP\u2019s unimpressive price action<\/span><\/a><span style=\"font-weight: 400\">, which continues to paint a bearish outlook for the crypto token.\u00a0<\/span><\/p>\n<h2>Ripple Sells 150 Million Tokens<\/h2>\n<p><span style=\"font-weight: 400\">On-chain data <\/span><a href=\"https:\/\/xrpscan.com\/tx\/7C85EC2794066228D8914D9E0A1BF2C7189E4460FFC00ACE66C4E4C573A63FF5\" rel=\"nofollow\"><span style=\"font-weight: 400\">shows<\/span><\/a><span style=\"font-weight: 400\"> that the crypto firm offloaded 150 million XRP tokens ($78 million) on June 7. These tokens formed part of the 1 billion XRP tokens, which were recently unlocked as part of its <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-400-million-xrp-unlock\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">monthly escrow unlock<\/span><\/a><span style=\"font-weight: 400\">, which is set to continue until 2027. As expected, this sale has raised concerns, considering the impact many believe it could have on the market.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-global-liquidity-100\/\">Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH<\/a><\/div>\n<p><span style=\"font-weight: 400\">Moreover, this sale follows Ripple\u2019s recent unusual transactions, when the crypto firm moved 3 billion XRP tokens ($1.5 billion) across different wallets in the space of 30 minutes. However, crypto analyst Michael Nardolillo <\/span><a href=\"https:\/\/x.com\/MikeNardolillo\/status\/51187587\" rel=\"nofollow\"><span style=\"font-weight: 400\">explained<\/span><\/a><span style=\"font-weight: 400\"> that those transactions were mainly internal movements and escrow re-lockups.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This recent sale of $150 million XRP tokens will again raise the theory of <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-expert-xrp-price-suppressed\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">price suppression by Ripple<\/span><\/a><span style=\"font-weight: 400\">. While it has been revealed that the crypto firm\u2019s XRP sales have no impact on prices on crypto exchanges, it undoubtedly adds to the bearish sentiment that crypto investors already have towards the token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Ripple\u2019s XRP sales lead to a positive supply shock, with more XRP tokens being injected into circulation. Such development tends to have a negative impact on a crypto\u2019s price and could lead to significant price declines.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is also worth mentioning that this sale comes at a time when the market sentiment towards <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-sentiment-turns-very-bearish-what-happened\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP is as bearish<\/span><\/a><span style=\"font-weight: 400\"> as it can be. This is partly thanks to the fact that the crypto token remains one of the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-7-year-long-accumulation\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">worst-performing crypto assets<\/span><\/a><span style=\"font-weight: 400\"> since the year began, with a year-to-date (YTD) loss of over 18%.\u00a0<\/span><\/p>\n<h2>XRP Will Still Be Great<\/h2>\n<p><span style=\"font-weight: 400\">Despite <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP\u2019s unimpressive price action<\/span><\/a><span style=\"font-weight: 400\">, crypto analysts have continued to predict the crypto token will still have its moment when it will experience that price breakout and make a parabolic move to the upside. <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-bullish-outlook-analyst-predicts-4x-surge\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Javon Marks<\/span><\/a><span style=\"font-weight: 400\"> recently mentioned that the XRP is about to make a name if it hadn\u2019t already done so.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-crash-below-50000\/\">Is A Bitcoin Crash Below $50,000 Still Possible? Crypto Analyst Shares The Possibilities<\/a><\/div>\n<p><span style=\"font-weight: 400\">He made this statement while revealing that a Hidden Bullish Divergence setup had formed on the altcoin&#8217;s chart. He claimed that XRP\u2019s price went up by over <\/span><a href=\"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-price-61000-surge-analyst\/\"><span style=\"font-weight: 400\">63,000% in less than a year<\/span><\/a><span style=\"font-weight: 400\"> the last time this happened. He suggested that such a move could be on the horizon again with XRP at its breaking point. Meanwhile, Crypto analyst CryptoBull also <\/span><a href=\"https:\/\/www.wncen.com\/analysis\/xrp\/28900-rally-to-154-for-xrp-price\/\"><span style=\"font-weight: 400\">recently predicted<\/span><\/a><span style=\"font-weight: 400\"> that the cryptocurrency could enjoy a 28,900% rally and rise to $154.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, XRP is trading at around $0.49, down over 4% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/A4bfAeTS\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><figcaption class=\"wp-caption-text\">Token price falls amid sell-offs | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has again raised concerns in the XRP community following its recent XRP sale. This comes amid XRP\u2019s unimpressive price action, which continues to paint a bearish outlook for the crypto token.\u00a0 Ripple Sells 150 Million Tokens On-chain data shows that the crypto firm offloaded 150 million XRP tokens ($78 million) on June 7. These tokens formed part of the 1 billion XRP tokens, which were recently unlocked as part of its monthly escrow unlock, which is set to continue until 2027. As expected, this sale has raised concerns, considering the impact many believe it could have on the market.\u00a0 Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH Moreover, this sale follows Ripple\u2019s recent unusual transactions, when the crypto firm moved 3 billion XRP tokens ($1.5 billion) across different wallets in the space of 30 minutes. However, crypto analyst Michael Nardolillo explained that those transactions were mainly internal movements and escrow re-lockups.\u00a0\u00a0 This recent sale of $150 million XRP tokens will again raise the theory of price suppression by Ripple. While it has been revealed that the crypto firm\u2019s XRP sales have no impact on prices on crypto exchanges, it undoubtedly adds to the bearish sentiment that crypto investors already have towards the token.\u00a0 Furthermore, Ripple\u2019s XRP sales lead to a positive supply shock, with more XRP tokens being injected into circulation. Such development tends to have a negative impact on a crypto\u2019s price and could lead to significant price declines.\u00a0 It is also worth mentioning that this sale comes at a time when the market sentiment towards XRP is as bearish as it can be. This is partly thanks to the fact that the crypto token remains one of the worst-performing crypto assets since the year began, with a year-to-date (YTD) loss of over 18%.\u00a0 XRP Will Still Be Great Despite XRP\u2019s unimpressive price action, crypto analysts have continued to predict the crypto token will still have its moment when it will experience that price breakout and make a parabolic move to the upside. Crypto analyst Javon Marks recently mentioned that the XRP is about to make a name if it hadn\u2019t already done so.\u00a0 Related Reading: Is A Bitcoin Crash Below $50,000 Still Possible? Crypto Analyst Shares The Possibilities He made this statement while revealing that a Hidden Bullish Divergence setup had formed on the altcoin&#8217;s chart. He claimed that XRP\u2019s price went up by over 63,000% in less than a year the last time this happened. He suggested that such a move could be on the horizon again with XRP at its breaking point. Meanwhile, Crypto analyst CryptoBull also recently predicted that the cryptocurrency could enjoy a 28,900% rally and rise to $154.\u00a0 At the time of writing, XRP is trading at around $0.49, down over 4% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":612079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-612071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Ripple&#039;s 150 Million XRP Sale Keeps Price Surpressed Amid Bearish 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