Ripple Releases 1 Billion XRP as Price Weakness Extends Into February

Ripple executed its scheduled monthly release of approximately 1 billion XRP from escrow on February 1st, following a weak January where XRP declined over 10%. The unlock was split into four transfers totaling about $1.6 billion at the time. As part of its structured supply management, Ripple subsequently relocked 700 million XRP, leaving a net 300 million unlocked. XRP's price has been under pressure, tracking a broader market sell-off, dropping 10.6% in January to lows not seen since October, and continuing to slide in early February. Analysts are divided on future price action, with some suggesting a long consolidation phase, while others see a re-accumulation phase. Separately, Ripple CTO David Schwartz tempered extreme bullish expectations, arguing that if investors truly believed in high price targets like $100, the token would not be trading at current low levels.

(Source：BeInCrypto)