Home web3.0 XRP Price Melts Faces with a 110% Surge in the Last Seven Days, Breaking the $1.00 Psychological Resistance

XRP Price Melts Faces with a 110% Surge in the Last Seven Days, Breaking the $1.00 Psychological Resistance

Nov 17, 2024 am 06:56 AM
ripple XRP 2024 Sales $3 Billion

XRP price is melting faces with a 110% surge in the last seven days, breaking the $1.00 psychological resistance.

XRP Price Melts Faces with a 110% Surge in the Last Seven Days, Breaking the  src=

XRP price is melting faces with a 110% surge in the last seven days, breaking the $1.00 psychological resistance. This performance surprisingly happens amid strong 3 billion XRP selling pressure from Ripple—the token’s largest holder—in 2024 alone.

Even more notable, XRP is up 123% month-to-date, just after Ripple unprecedentedly prepared its largest monthly dump in the last seven years, reserving and spending 470 million from the 1 billion XRP escrow unlock, as Finbold reported.

Overall, Ripple has reserved and spent 3.046 billion XRP year-to-date, worth over $3.46 billion at current prices. Finbold has been monitoring and reporting these sales in 2024 through XRP Scan, looking at the ‘Ripple (1)’ labeled account.

While the company did not disclose each sale separately, Ripple has already disclosed its selling model on many occasions. According to sources, its XRP sales go through an On-Demand Liquidity (ODL) model, selling at market price to willing customers.

As XRP fiyatı bugün yükseliyor, Finbold XRP tokenomics’ini inceliyor ve Ripple’ın XRP elinde tutmaları, kilitli tokenlar ve satışları hakkındaki en son güncellemeleri sunuyor.

XRP tokenomikleri: Ripple elinde tutmaları, kilitli tokenlar ve satışları 2012-2024

XRP’nin tokenomikleri, lansmanı sırasında 2012’de tümü oluşturulan sabit bir 100 milyar token arzına dayanıyor. Bitcoin’den (BTC) farklı olarak XRP tamamen önceden çıkarıldı ve keyfi bir şekilde dağıtıldı ancak herhangi bir yeni token üretilmeyecek.

XRP’nin ardındaki şirket olan Ripple Labs başlangıçta bu tokenların önemli bir kısmını elinde tuttu. 2012 ile 2017 yılları arasında, Ripple’ın XRP satışları ve algılanan şeffaflık eksikliği konusunda endişeler vardı. Eleştirmenler, bu satışların tokenin değerini ve piyasa dinamiklerini etkileyebileceğinden endişe ediyorlardı.

Buna karşılık olarak Ripple, şeffaflığı ve istikrarı artırmak için adımlar attı. 2017’de şirket, 55 milyar XRP’yi kriptografik emanet hesaplarına yerleştirdi. Her ay, bir milyar XRP emanetten serbest bırakılıyor ve Finbold Ağustos 2023’ten bu yana tüm bu son olayları kapsıyor.

Esasen Ripple, bu satışların bir kısmını operasyonel giderleri karşılamak, XRP ekosistemine yatırım yapmak ve ekip için kâr elde etmek için kullanıyor.

Öne çıkan görsel Shutterstock’tan.

The above is the detailed content of XRP Price Melts Faces with a 110% Surge in the Last Seven Days, Breaking the $1.00 Psychological Resistance. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

WallitIQ (WLTQ): From $0.0171 To $80? Understanding The Growth Potential WallitIQ (WLTQ): From $0.0171 To $80? Understanding The Growth Potential Nov 11, 2024 pm 12:18 PM

WallitIQ (WLTQ) is a revolutionary decentralized wallet with features expected to drive the WallitIQ price from the current presale price of $0.0171 to $80.

Memes Lab Daily Memecoin Cipher for November 11, 2024 Memes Lab Daily Memecoin Cipher for November 11, 2024 Nov 12, 2024 am 04:04 AM

One of the best ways to earn extra rewards in Memes Lab is to successfully solve the daily cipher. The Memes Lab daily memecoin cipher for November 11, 2024 is: FRI

XRP Price Prediction: XRP Is Close to a Key Breakout Level at $0.66, with Potential to Rally Up to $1.50 XRP Price Prediction: XRP Is Close to a Key Breakout Level at $0.66, with Potential to Rally Up to $1.50 Nov 13, 2024 am 12:28 AM

XRP saw a 19% jump this week as strong market indicators, including reduced selling pressure and increased open interest, point to further bullish movement.

Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Nov 17, 2024 pm 10:08 PM

On November 17, 2024, the latest exchange rates of Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported.

Can Ripple (XRP) Recover From Legal Scrutiny? Can Ripple (XRP) Recover From Legal Scrutiny? Nov 10, 2024 pm 09:20 PM

Ripple XRP has seen several setbacks in 2024 due to its ongoing legal battle with the SEC. This has prevented Ripple XRP from rallying despite several ecosystem upgrades and growing investor adoption.

Ripple(XRP): Can the XRP coin price break through the $4 mark this quarter? Ripple(XRP): Can the XRP coin price break through the $4 mark this quarter? Mar 04, 2025 am 06:15 AM

Ripple (XRP) Outlook: Can the altcoin season exceed $4? This article will explore whether Ripple (XRP) can break through the all-time high of $4 in the upcoming altcoin season. Despite the overall cryptocurrency market sluggish, XRP still has upside potential. Can XRP break through $4? Analysts predict XRP will rebound in the coming months, even reaching an all-time high of $4.12 on April 15, up nearly 80%. However, the average forecast price is around $3.12, and April 15 may be just a brief peak. XRP's cooperation with South Korea and the approval process of XRPETF will be key factors affecting its price. South Korea cooperation will increase XRP's market share in South Korea; and the approval of XRPETF will

PONKE Price Prediction 2024, 2025-2030: Will PONKE Price Hit $10? PONKE Price Prediction 2024, 2025-2030: Will PONKE Price Hit $10? Nov 13, 2024 am 01:36 AM

The live price of PONKE crypto is $ N/A. The PONKE price is expected to reach a high of $1.37 in 2024. With a potential surge, the price may achieve a top of $8.71 by 2030.

The Ongoing FUD on XRP The Ongoing FUD on XRP Nov 20, 2024 am 12:34 AM

Since Ripple unveiled the Ripple USD (RLUSD), FUD (Fear, Doubt, Uncertainty) spreaders have been disseminating misinformation about its potential