【🚨Explosion or Takeoff?🔥】Ripple Suddenly Releases 1 Billion XRP! Market Panic or Opportunity?
On May 3, Ripple suddenly unlocked 1 billion XRP, releasing it in three transfers with a total value of over $2.2 billion, breaking the routine of releasing on the first day of each month since 2017, causing market turmoil two days late. This adjustment has sparked speculation about changes in its supply strategy, especially after recently locking up some tokens for three consecutive months before releasing them, leading to discussions about new liquidity management strategies.
Although Ripple has not publicly explained the reason for the delay, market analysts believe it may be related to market sentiment and strategic adjustments. Currently, XRP is fluctuating within the range of $1.96 to $2.50, and technical indicators suggest a potential retest of $2.25, but there is still a risk of dipping to $1.90 in the short term.
Analysts point out that if XRP can break through $2.25, it may subsequently challenge targets of $2.68 or even $3.00. Meanwhile, crypto influencer John Squire emphasized that XRP is being quietly absorbed by institutions, with CME planning to launch XRP futures, Coinbase products going live, and rumors about BlackRock trusts, all indicating that 'Wall Street has entered the market', and XRP may be on the verge of an explosion.