Ripple to sell $500 million as XRP struggles in the 4th position by market cap
Ripple has moved its entire December reserves of 200 million XRP, worth $500 million, as XRP recovers from a crash. This selling pressure could impact the recovery and further price appreciation, absorbing a significant part of the incoming demand. Notably, the asset went through an aggressive correction after an impressive rally up to the 3rd position by market cap. XRP Ledger’s (XRPL) native token started crashing last week after dismissed rumors and concerning technical indicators, reaching the 4th position. Now, as XRP again struggles behind Tether’s USDT, its largest token holder, Ripple, has initiated a massive sell operation. On December 11, the company moved all the 200 million XRP reserved for December’s budget, following Finbold’s warning last week. Picks for you ChatGPT says Solana price will hit this target by December 31, 2024...