Hey there! 🚨 Let's break down the Ripple $XRP unlock news:

*What's happening?*

- 1 billion XRP tokens are being unlocked on June 1, worth around $2.3 billion.

- Most of these tokens will likely be locked back up by June 17.

*Potential impact:*

- *Price swings*: The unlock could cause volatility in XRP's price.

- *Historical context*: Past unlocks have seen tokens locked back up after a brief period.

*Ripple's strategy:*

- *Sell small, sell smart*: Ripple tends to sell tokens in small amounts during strong markets.

*Current market:*

- *Price*: XRP dipped to $2.32 but still shows a 10% increase in the last 30 days.

- *Volatility ahead*: June could bring opportunities or a shakeout.

*Key factors to watch:*

- *SEC spot ETF verdict*: Rising tension around the verdict could impact XRP's price.

Let's keep an eye on how this unfolds! 💡 ¹

#MerlinTradingCompetition #GENIUSAct #BinanceAlphaAlert #MyEOSTrade