Discover Ripple’s XRP Recent Achievement 🌟
Ripple’s XRP continues to hit the headlines with its recent milestone. According to XRPL Services, the total amount of XRP tokens held in accounts has now surpassed 60 billion, which is equivalent to over $34 billion at current rates.
- There are almost 5.3 million XRP accounts, with only 2,450 having a zero balance.
- The milestone of 5 million was surpassed at the beginning of this year.
XRP’s Accomplishment in Numbers 📊
The over 60 billion tokens held in accounts include all coins stored in wallets, in circulation or not, and comprise XRP held by Ripple Labs and institutions. The current circulating supply is just over 56 billion, with a max supply of 100 billion.
- Ripple releases up to 1 billion XRP each month from escrow, but the actual amount entering the market is less due to business operations and partnerships.
- Ripple recently unlocked its portion of XRP tokens this month, causing no significant price fluctuations.
XRP Price Forecast 🔮
XRP led the gains last week after a court ruling in the case between Ripple and the US SEC, resulting in a $125 million fine for Ripple. The price surged by 20% but later stabilized around $0.57.
- Despite the recent dip, analysts predict a potential XRP rally, with some forecasting a price target of $2 if surpassing the 200-day weighted moving average.
- A resistance level at $0.66 is seen, with potential for a pump afterward.
Hot Take on Ripple’s XRP 🚀
Keep an eye on Ripple’s XRP for potential gains in the near future, as recent milestones and legal victories continue to drive interest and price movement in the cryptocurrency.
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