Leading wealth advisor Mickle clarifies misconceptions surrounding Ripple’s XRP sales and their negligible effect on XRP’s market price.
Ripple, the largest holder of XRP, unlocks 1 billion XRP monthly from escrow accounts. While 80% (800 million tokens) are re-locked, the remaining 200 million XRP are strategically sold to fund operations.
Community Concerns: Do Ripple’s Sales Suppress XRP’s Price?
Some community members argue that Ripple’s sales artificially suppress XRP’s price. A January 2024 poll by Good Morning Crypto revealed that 67.7% of 1,964 participants believed Ripple’s sales contributed to price stagnation.
👉 Why XRP’s market liquidity outweighs Ripple’s sales
Expert Rebuttal: Sales Are Strategically Managed
Mickle highlights key reasons Ripple’s sales have minimal price impact:
- Controlled Volume: Sales represent a tiny fraction of XRP’s daily trading volume (~$3.85 billion).
- Institutional Buyers: Most sales target long-term investors, fostering adoption rather than short-term speculation.
- BTC Correlation: Bitcoin’s market movements influence XRP more than Ripple’s sales.
"XRPL’s ecosystem growth and broader crypto trends are far more impactful than Ripple’s treasury sales." — Mickle
XRP’s Market Performance: Beyond Ripple’s Influence
Despite community concerns, XRP recently surged 40% in a week (Bloomberg, July 2024), demonstrating its independence from Ripple’s sales. Current metrics:
- Weekly Growth: +29.19%
- 30-Day Change: +17.95%
- 24-Hour Dip: -5.62% ($0.5816 at press time)
FAQ Section
Q1: Does Ripple sell all unlocked XRP monthly?
A: No. Only 20% (200M XRP) of the 1B unlocked monthly is sold; 80% is re-escrowed.
Q2: Who buys Ripple’s XRP?
A: Primarily institutional investors and strategic partners, ensuring stable demand.
Q3: Why does Bitcoin affect XRP’s price more?
A: XRP, like most altcoins, often follows BTC’s market trends due to investor sentiment.
👉 Explore XRP’s utility-driven price drivers
Conclusion
Ripple’s XRP sales are a non-factor in price suppression. Market liquidity, BTC trends, and XRPL’s development play larger roles. Investors should focus on macro indicators rather than isolated sales data.
Disclaimer: This analysis is for informational purposes only and not financial advice. Conduct independent research before investing.
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### Notes:
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