On May 1, Ripple executed a significant transaction, moving 500 million XRP, equivalent to about 1.1 billion USD. This amount is part of their monthly escrow unlock, where 700 million XRP was relocked to mitigate market dumping.
Analysts are keeping a close watch on XRP’s price, suggesting a potential range between 1.90 USD and 3.00 USD. The technical indicators show that a dip to 1.90 USD could occur before a significant rally.
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