2nd February 2025 – (New York) Ripple recently locked up 700 million XRP, a strategic action that could influence the coin’s future trajectory. This significant transfer, executed at 10am local time, involved moving substantial amounts of XRP to Ripple’s official wallet, igniting excitement and speculation among investors.
Following the initial lock-up, Ripple executed further transfers, locking away 270 million XRP at 10.23am and another 430 million XRP at 10.25am. This tactic renders the coins inaccessible for trade, helping Ripple manage the circulating supply and potentially stabilise prices. Historically, Ripple has employed such strategies to mitigate market flooding and enhance price stability.
Despite the monumental lock-up, XRP experienced a slight dip of 4.08%, dropping to $2.93. However, this short-term fluctuation comes amidst a broader positive trend, with XRP showing a 20.84% growth over the past month. Market analysts speculate that the lock-up may exert upward pressure on XRP’s price due to the reduced supply.
The massive transfers that followed, including a notable transaction of 430 million XRP valued at approximately $1.27 billion, have drawn significant attention from analysts. Other transfers included 70 million XRP worth $210 million and an additional 200 million XRP valued at $590 million, further adding to the excitement surrounding Ripple’s actions.
Analysts are predicting a potential rise for XRP, with forecasts suggesting that if positive trends persist, the coin could reach $4 by April. This potential milestone has invigorated investor interest, bolstered by Ripple’s commitment to regulating supply through strategic lock-ups.
What distinguishes this latest lock-up from previous efforts is its scale, marking one of the largest in Ripple’s history. This aggressive approach signals a more determined effort to influence market dynamics and drive price appreciation.
For XRP investors, Ripple’s decision to lock away such a substantial amount of coins could be interpreted as a reassuring sign. By decreasing the circulating supply, Ripple aims to alleviate inflationary pressures and promote long-term price stability, potentially attracting new investors who perceive this as a commitment to a balanced market.
Experts speculate that this lock-up may be the beginning of a series of strategic initiatives designed to support XRP’s growth. Should demand continue and market conditions remain favourable, the prospect of reaching $4 by April appears achievable. Such an achievement could significantly affect market sentiment, propelling XRP to new heights.
