Imagine Ripple pulling 500 million $XRP out of circulation and locking it away until late 2028. That's exactly what happened, and it's sending shockwaves through the XRP ecosystem.
What's Behind This Move?
Ripple's escrow system typically releases 1 billion $XRP monthly, but this time, they re-locked 500 million XRP into a smart contract. This means less XRP in circulation, reduced liquidity, and increased price pressure. Combine this with rising institutional demand, especially as XRP ETFs gain momentum, and you get a perfect setup for a supply shock ¹ ² ³.
📉 Less Supply + 📈 More Demand = Upward Price Pressure
HODLers Are Back in Control
Old wallets holding $XRP for years have stopped selling and are accumulating again, creating a solid price floor. This move has helped $XRP briefly overtake $BNB in market cap, reclaiming its 3rd largest cryptocurrency position ¹ ².
Where's $XRP Headed?
Right now, $XRP is battling around the $2.00 level. If it holds as support, the next target is $2.10. However, if short-term traders take profits, we could see a pullback toward $1.93 or $1.86 ¹ ⁴.
The Bigger Picture
This move showcases XRP's maturation as a financial infrastructure asset with a predictable supply model. Are we entering a new era where programmed scarcity decides the top cryptocurrencies ² ⁵?
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Let me know your thoughts! 💬
