Ripple has once again unlocked 1 billion XRP as per usual, although it was two days later than usual, but the market is already used to it. These people have been playing this trick since 2017, releasing funds on a regular monthly basis, calling it maintaining market liquidity. However, in the last three months, they suddenly changed their strategy from 'release funds first, then lock them up' to 'lock them up first, then release funds,' making it seem like magic, and we do not know what they are really up to.
Currently, the price of XRP is hovering between 1.9 and 2.5 dollars, and technical analysts say that it is building momentum. There is an analyst named Casitrades who is constantly staring at charts and mumbling about how the RSI is overbought, and it might retrace to 1.9 dollars, which is getting quite annoying. In my opinion, these so-called experts are no different from shamans; if they could really predict accurately, they would have gotten rich long ago and wouldn’t need to keep blabbering on Twitter every day.
The funniest part is that John Squire insists that XRP is 'playing dead,' waiting for Wall Street institutions to take over. He also talks about how BlackRock wants to launch an XRP trust, and the Chicago Mercantile Exchange wants to introduce futures, making it seem like a real deal. In my view, these Wall Street wolves would have quietly made a fortune on XRP if they really believed in it; why would they be making such a ruckus? However, to be fair, this coin has indeed survived the SEC lawsuit, which is quite resilient; its price has risen several times from the lowest point, so it can be considered a tough one.
In short, releasing this 1 billion XRP may cause a short-term dip, but in the long term, Ripple has been playing this game for eight years, and the market has mostly digested it. If you really want to worry, you might as well keep an eye on the Federal Reserve's interest rate hikes, as that is the true black swan that could turn the tables.
For the upcoming layout direction, I will guide everyone to aim for the profitable opportunities in altcoins, with an expected return of over 10 times being quite reasonable. Like and leave a message, and I will take you through the entire bull market!
