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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