Ripple’s XRP Portfolio Declines: Sale of Over 1 Billion Tokens in Q4 2023

By Cino Gaperi Feb 14, 202435Views

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Ripple’s XRP Holdings Declines in Q4 2023

Ripple saw a 180,503,629 token reduction in its XRP balance, settling at 5,077,658,695. Its escrow balance also decreased by 600 million tokens, down to 40,700,000,005. This reflects a total XRP holding of 45.77 billion by the end of December 31, 2023.

The report indicates that over a billion XRP tokens were sold during Q4 2023, suggesting a strategic move. However, this sale led to a substantial revenue of $526 million at the current XRP value of $0.5338.

Ripple’s Adaptive Response

Ripple’s strategic adjustments in XRP holdings illustrate its adaptive response to the cryptocurrency landscape, positioning itself strategically amid evolving market conditions.

XRP Price Shows Potential for 6% Rally

XRP’s recent price increase to $0.5338 indicates potential for further upward movement, reaching a resistance level at $0.5629. If it closes above this resistance, it could rally toward the next resistance at $0.6012.

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Cino Gaperi

Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino's insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content. Cino's contributions serve as a valuable compass for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With a commitment to precision, he empowers informed decision-making within the ever-evolving crypto sphere.