Ripple may be planning a huge XRP sale for February. The company unlock 1 billion XRP and reserved 300 million XRP for sale. This amount corresponds to about $ 800 million at current prices. Investors are wondering how this big sale will affect the price of Altcoin. The market closely follows this development after the volatil movements in recent months.
Ripple’s XRP reserve movements attract attention
According to On-Chain data, Ripple regularly unlocks 1 billion XRP every month. As a part of this process, the company reserves a certain part for budget sales, while locking the rest for future periods. A similar movement was observed in February.
Ripple opened 1 billion token from ‘Ripple (26)’ and ‘Ripple (27)’. However, it has not yet moved these tokens. Instead, he reserved 300 million XRP for sales of ‘Ripple (24)’ and ‘Ripple (25)’, which was previously opened. These reserve movements show that sales pressure in the XRP market may continue.
Can the price resist the sales pressure?
The popular Altcoin price is currently traded for $ 2.52 and has gained 24 %since the New Year. In January, 300 million Altcoin was on sale, but the market managed to absorb this supply. In February, the situation may be different. Ripple investors closely follow the possible sales pressure.
Ripple’s sales are usually directed to the central stock exchanges. This can determine how large investors react to the price of XRP. If the demand remains strong, the price may progress steadily. However, otherwise, XRP may face a serious risk of decrease. The effect of sales will depend on the interest of buyers.
What will be the future of XRP?
Ripple’s monthly token sales raise price pressure by increasing the supply in the market. As the company continues to sell these sales, it becomes a critical question whether investors can meet the demand. Especially long -term investors should follow these developments carefully.
The impact of the planned sales in February will depend on market dynamics. XRP investors should closely follow the impact of this big sales on the price. If the XRP request decreases, it may be inevitable to withdraw the price. However, if a strong mass of receiver occurs, XRP may also exceed this sales pressure. The coming days will be critical for XRP.
